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The Tax Publishers2020 TaxPub(DT) 5043 (Del-Trib) INCOME TAX ACT, 1961
Section 254
In view of CBDT Circular No. 17/2017, dt. 8-8-2019 since the tax effect was less than Rs. 50 lakhs in revenue's appeals, hence, those appeals were not maintainable.
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Appeal [Tribunal] - Maintainability - Small tax effect -
Revenue filed two appeals and admittedly the tax effect was less than Rs. 50 lakhs. The maintainability was, therefore, questioned in view of CBDT Circular. Held: The two appeals of the revenue, namely, ITA Nos. 6085/Del/2019 for assessment year 2013-14 and 4880/Del/2019 for assessment year 2015-16 deserve to be dismissed, as both the appeals were hit by the CBDT Circular No. 17/2019, dated 8-8-2019. A perusal of the grievance of the revenue showed that the tax effect would be less than Rs. 50 lakhs, therefore, these appeals were not maintainable and dismissed in the light of the CBDT Circular (supra).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2010-11, 2012-13, 2013-14 and 2015-16
INCOME TAX ACT, 1961
Section 246 Rule 46A
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