2016 (1) TMI 1467 - AT - Income Tax

Maintainability of appeal on low tax effect - Tax effect below the monetary limit - HELD THAT - DR on a query by the Bench, fairly conceded that the tax involved in all the above ten cases was less than ₹ 10.00 lacs. Considering these facts, we dismiss the appeals holding them as not maintainable. Appeal filed by the Assessing Officers stands dismissed.

Summary

The Appellate Tribunal ITAT Mumbai dismissed appeals filed by Assessing Officers due to tax effect being below Rs. 10,00,000, as per CBDT Circular No.21/2015. None appeared for the Assessee, and the Departmental Representative confirmed the tax involved was less than Rs. 10.00 lacs. Order pronounced on 1st January, 2016.