The Commissioner of Income-tax, Chennai v. Alagumalai Impex Pvt. Ltd
|The Commissioner of Income-tax, Chennai
|Alagumalai Impex Pvt. Ltd.
|HIGH COURT OF MADRAS
|Date of Order
|monetary limit • low tax effect • exempt income
|407 of 2018 Judgment was delivered by T.S.Sivagnanam,J We have heard Mr.T.Ravikumar, learned Senior Standing Counsel, assisted by Ms.R.Hemalatha, learned Standing Counsel appearing for the appellant Revenue. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 11.07.2017 made in I.T.A.No. 214/Mds/2014 on the file of the Income Tax Appellate Tribunal, Chennai 'B' Bench for the assessment year 2008-09. 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.