The Tax Publishers2020 TaxPub(DT) 3324 (Mum-Trib)

Income Tax Act, 1961

Section 268A

Appeal filed by revenue was liable to be dismissed as tax effect was less than monetary limit of Rs. 50 lakhs fixed by CBDT in its Circular for filing appeal by revenue before Tribunal.

Appeal (Tribunal) - Maintainability - Low tax effect -

Assessee challenged appeal filed by revenue on the ground of low tax effect. Held: Appeal filed by revenue was liable to be dismissed as tax effect was less than monetary limit of Rs. 50 lakhs fixed by CBDT in its Circular for filing appeal by revenue before Tribunal.

REFERRED :

FAVOUR : In assesse's favour

A.Y. : 2010-11

INCOME TAX ACT, 1961

Section 92C

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