2018 (9) TMI 1993 - AT - Income Tax

Maintainability of appeal - low tax effect - monetary limit in reference to latest Circular No.3/2018 dated 11.07.2018 issued by the CBDT - HELD THAT - The CBDT has directed the Revenue not to file appeal before the Tribunal where the tax effect does not exceed ₹ 20 lakhs. In the above mentioned appeal of the assessee the tax effect is less than ₹ 20 lakhs. Therefore, we hereby dismiss the appeal filed by the Revenue as not maintainable.

Summary

The ITAT Chennai dismissed the Revenue's appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2009-10 as the tax effect was less than Rs. 20 lakhs, following a CBDT circular. The appeal was found not maintainable. (2018 (9) TMI 1993 - ITAT CHENNAI)