Income Tax Department v. Krishna Warehouse

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The Tax Publishers2020 TaxPub(DT) 3630 (MP-HC) : (2020) 315 CTR 0585

INCOME TAX ACT, 1961

Section 260A

The appeal filed by revenue in wake of audit objection was not maintainable in view of CBDT Circular No. 21 of 2015, dated 10-12-2015 and Circular No. 3 of 2018, dated 11-7-2018

Appeal (High Court) - Maintainability - Low tax effect -

Revenue filed appeal against assessee in the wake of audit objection. Held: Revenue had placed nothing on record to point out that said audit objection had been accepted by the Department. Therefore, the instant appeal was not maintainable and disposed of in view of CBDT Circular No. 21 of 2015, dated 10-12-2015 and Circular No. 3 of 2018, dated 11-7-2018.--Vide Pr. CIT v. Nawany Construction Co. (P) Ltd. (2018) 98 Taxmann.com 294 (Bom-HC) : 2018 TaxPub(DT) 6030 (Bom-HC).

Followed:Pr. CIT v. Nawany Construction Co. (P) Ltd. (2018) 98 Taxmann.com 294 (Bom-HC) : 2018 TaxPub(DT) 6030 (Bom-HC).

REFERRED :

FAVOUR : Against the assessee.

A.Y. :

IN THE MADHYA PRADESH HIGH COURT : INDORE BENCH