The Commissioner of Income-tax, Circle V, Chennai v. Uma Maheswari
[Citation -2019-LL-0819-117]
| Citation | 2019-LL-0819-117 |
|---|---|
| Appellant Name | The Commissioner of Income-tax, Circle V, Chennai |
| Respondent Name | Uma Maheswari |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 19/08/2019 |
| Assessment Year | 1989-90,1990-91,1991-92,1992-93,1993-94,1994-95,1995-96,1996-97,1997-98,1998-99,01.04.1999 to 08.12.1999 |
| Judgment | View Judgment |
| Keyword Tags | low tax effect • monetary limit |
| Bot Summary: | 5/Mds/10 on the file of the Income Tax Appellate Tribunal, Chennai 'B' Bench for the block assessment period 01.4.1989 to 08.12.1999. For Appellant: Mrs.R.Hemalatha, SSC For Respondent: Mr.Kumar Judgment was delivered by T.S.Sivagnanam,J We have heard Mrs.R.Hemalatha, learned Senior Standing Counsel appearing for the appellant Revenue and Mr.Kumar, learned counsel appearing for the respondent assessee. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 31.3.2010 made in IT(SS)A.No. The appeal was admitted on 09.11.2010 on the following substantial question of law : Whether, on the facts and circumstances of the case, the Tribunal was right in law in deleting the penalty levied under Section 158BFA(2) of the Income Tax Act 4. The learned Senior Standing Counsel for the appellant submits that the above appeal is not pursued by the Revenue on account of the low tax effect in terms of Circular No.17/2019 dated 08.8.2019 issued by the Central Board of Direct Taxes. In the light of the said submissions, the above tax case appeal is dismissed on account of the low tax effect. 983 of 2010 fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeal to be heard and decided on merits. |