Asstt. Commissioner of Income-tax, Central Circle-31, New Delhi v. Today Homes & Infrastructure Pvt. Ltd
[Citation -2019-LL-0826-74]
| Citation | 2019-LL-0826-74 |
|---|---|
| Appellant Name | Asstt. Commissioner of Income-tax, Central Circle-31, New Delhi |
| Respondent Name | Today Homes & Infrastructure Pvt. Ltd. |
| Court | ITAT-Delhi |
| Relevant Act | Income-tax |
| Date of Order | 26/08/2019 |
| Assessment Year | 2011-12 |
| Judgment | View Judgment |
| Keyword Tags | tax effect • monetary limit |
| Bot Summary: | Accordi ng to Ci rcul ar No. 17/201 9 dated 08/08/2019, the CBDT i n supersessi on of earli er instructi ons has di rected that department s appeal s before ITAT shall not be fil ed i n cases where the tax effect does not exceed the monetary li mi t of Rs. 50 l acs. It i s further cl ari fi ed that even i f i n the case of an assessee , di sputed i ssues ari se i n more than one assessment year, appeal cannot be fil ed in respect of such assessment year or years i n whi ch the tax effect i n respect of di sputed i ssues exceeds the monetary li mit so speci fi ed. Admi ttedl y, i n the departmental appeal , the tax effect i s l ess than Rs. 50 l acs, therefore , depa rtmental appeal i s not mai ntainabl e. The Ld. DR coul d not bri ng to our noti ce any excepti ons menti oned in the sai d Ci rcul ar. In the result, the appeal of the Revenue is dismissed. |