Commissioner of Income-tax, Central Circle, Coimbatore v. G.Mohan
[Citation -2020-LL-0618-28]
| Citation | 2020-LL-0618-28 |
|---|---|
| Appellant Name | Commissioner of Income-tax, Central Circle, Coimbatore |
| Respondent Name | G.Mohan |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 18/06/2020 |
| Assessment Year | 2008-09 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • low tax effect |
| Bot Summary: | PAN: AJCPM3554G ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 19.11.2013 made in I.T.A.No. 1321/Mds/2012 on the file of the Income Tax Appellate Tribunal 'B' Bench, Chennai for the assessment year 2008-09. Whether on the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in deleting the addition of Rs.21,70,750/- when the assessee has not proved the credits of Rs.21,70,750/- alleged to have been taken from 18 persons towards land advance for purchase 2. Whether on the facts and circumstances of the case, the Tribunal was right in deleting the addition of Rs.21,70,750/- when the assessee has not produced any evidence either before the Commissioner of Income Tax or before the Income Tax Appellate Tribunal. 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. 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. |