The Commissioner of Income-tax, Chennai v. Padmavathy Baffna
[Citation -2020-LL-0305-41]
Citation | 2020-LL-0305-41 |
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Appellant Name | The Commissioner of Income-tax, Chennai |
Respondent Name | Padmavathy Baffna |
Court | HIGH COURT OF MADRAS |
Relevant Act | Income-tax |
Date of Order | 05/03/2020 |
Judgment | View Judgment |
Keyword Tags | monetary limit • tax effect |
Bot Summary: | In Judgment in TCA Nos.720 721/2010 dated 05.03.2020 1.Whether on the facts and in the circumstances of the case, the Tribunal was right in entertaining the cross objection of the assessee that did not object to the grounds filed by the Revenue 2. Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the proceedings under Section 158BD on the assessee is not sustainable in law 2. When the matter was taken up for hearing, the learned Standing Counsel brought to our notice the Circular instruction issued by the Central Board of Direct Taxes vide Circular No.17/2019 dated 8th August 2019, wherein, it is stipulated that appeals shall not be filed/pursued by the Department before the High Court in cases where the tax effect does not exceed Rs.1,00,00,000/-. In the instant case, the tax effect is said to be less than the monetary limit imposed and therefore, the appeals filed by the Revenue are dismissed as not pressed, keeping open the substantial questions of law for determination in an appropriate case. |