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| The Tax Publishers2020 TaxPub(DT) 5124 (Mum-Trib) INCOME TAX ACT, 1961
Section 254
Where the tax effect of quantum addition being contested by the Revenue was, prima-facie, below threshold monetary limit of Rs. 50 Lacs and thus, the appeal was not maintainable in terms of recently issued low tax effect Circular No. 17/2019 dated 08/08/2019 [F.No.279/Misc. 142/2007- TTJ(Pt.) issued by CBDT.
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Appeal (Tribunal) - Maintainability - Low tax effect -
Revenue filed appeal against the order of CIT(A) deleting addition made on account of unexplained money under section 69A. Held: The tax effect of quantum additions being contested by the Revenue was, prima facie, below threshold monetary limit of Rs. 50 Lacs and thus, the appeal was not maintainable in terms of recently issued low tax effect Circular No. 17/2019 dated 08/08/2019 [F.No.279/Misc. 142/2007- TTJ(Pt.) issued by CBDT.
REFERRED :
FAVOUR : In favour of assessee.
A.Y. : 2009-10 & 2010-11
IN THE ITAT, MUMBAI BENCH
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