The Commissioner of Income-tax, Central Circle, Salem v. P.Madhurajan (HUF)
|The Commissioner of Income-tax, Central Circle, Salem
|HIGH COURT OF MADRAS
|Date of Order
|unaccounted income • monetary limit • low tax effect
|256/Mds/2009 on the file of the Income Tax Appellate Tribunal, Chennai 'A' Bench for the assessment year 2002-03. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 24.6.2011 made in ITA.No. The appeal has been admitted on 17.11.2014 on the following substantial questions of law : i. Whether, on the facts and in the circumstances of the case, the Tribunal was right in deleting the addition of Rs.68 lakhs made under Section 69 of the Income Tax Act and ii. 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. 823 of 2013 It is further submitted that the tax effect in this case is less than the threshold limit. In the light of the said submissions, the above tax case appeal is dismissed on account of the low tax effect. In the event the tax effect is above the threshold limit 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.