The Commissioner of Income-tax, Nagpur v. Narayandas Hiralal Khandelwal (Indl)
[Citation -2017-LL-0609-64]
| Citation | 2017-LL-0609-64 |
|---|---|
| Appellant Name | The Commissioner of Income-tax, Nagpur |
| Respondent Name | Narayandas Hiralal Khandelwal (Indl) |
| Court | HIGH COURT OF BOMBAY AT NAGPUR |
| Relevant Act | Income-tax |
| Date of Order | 09/06/2017 |
| Assessment Year | 1976-77, 1977-78 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | In supersession of the above instruction, it has been decided by the Board that department appeals may be filed on merits before Appellate Tribunal and high Courts and SLP before the Supreme Court keeping in view the monetary limits and conditions specified below. Court It is clarified that an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed above. Filing of appeal in such cases is to be decided on merits of the case. This instruction will apply retrospectively to pending appeals and appeals to be filed henceforth in High Courts/Tribunals. Pending appeals below the specified tax limits in para 3 above may be withdrawn/not pressed. Appeals before the Supreme Court will be governed by the instructions on this subject, operative at the time when such appeal was filed. Further our attention is drawn to ::: Uploaded on - 12/06/2017 ::: Downloaded on - 06/07/2017 09:19:58 ::: 3 ITR39 02.odt Clarification dt.8.3.2016 issued by the C.B.D.T. to the above Circular No.21 of 2015, dt.10.12.2015 whereby the monetary limit of Rs.20,00,000/- so as to prosecute the appeal before this Court has been made applicable even to References filed u/s. |