2022 (8) TMI 1546 - HC - Income Tax

Maintainability of appeal on low tax affect - tax effect for filing appeals in Income Tax matters - HELD THAT - Appellant states that the tax effect in the present Appeal is below the limit stipulated in terms of Circular No. 17 of 2019 dated 8th August, 2019. It is stated that no instructions have been received from the Department to withdraw the present Appeal. In the light of Circular No. 17 of 2019, the Appeal is disposed of as involving low tax effect. We observe that in case, Revenue finds for some reason that the Appeal was not supposed to have been withdrawn in the light of the Circular, it would be open to the Revenue to file an application seeking restoration of the Appeal to be decided on its own merits.

Summary

The High Court of Bombay disposed of the appeal as involving low tax effect based on Circular No. 17 of 2019. The Revenue can file an application for restoration if deemed necessary. Refund of Court-fees as per rules.