2018 (4) TMI 1684 - AT - Income Tax

Monetary limit - tax effect - maintainability of appeal - assessee has submitted that the tax effect involved in this appeal is below ₹ 10 lakhs - HELD THAT - As per the circular No.21/2015 dated 10.12.2015 of CBDT being retrospective in nature, the appeal filed by the revenue is not maintainable. The Ld. D.R. relied on the grounds of appeal. In view of the above, the appeal filed by the revenue is not maintainable. Hence, the same is dismissed.

Summary

The Appellate Tribunal ITAT VISAKHAPATNAM dismissed the revenue's appeal against the order of CIT(A)-1, Guntur for the assessment year 2008-09. The tax effect was below Rs. 10 lakhs, making the appeal not maintainable as per a CBDT circular. The appeal was dismissed on 6th April 18.