The Commissioner of Income-tax, Chennai v. Erich Nassel Hauf
[Citation -2020-LL-0713-5]
| Citation | 2020-LL-0713-5 |
|---|---|
| Appellant Name | The Commissioner of Income-tax, Chennai |
| Respondent Name | Erich Nassel Hauf |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 13/07/2020 |
| Assessment Year | 2012-13 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • low tax effect |
| Bot Summary: | 280/Mds/2016 on the file of the Income Tax Appellate Tribunal, Chennai 'B' Bench for the assessment year 2012-13. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 14.7.2016 made in ITA.No. The appeal has been admitted on 07.12.2017 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 additions of Rs.89,02,180/- made under Section 69 of the Income Tax Act, 1961 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. 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. |