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TMI Blog2021 (4) TMI 315X X X X Extracts X X X X X X X X Extracts X X X X ..... o.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 crore - HELD THAT:- Tax Case Appeal is dismissed as withdrawn on account of the Low Tax Effect. The substantial questions of law framed are left open. In the event the tax effect in this case is above ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2016 made in I.TA.No.1768/Mds/2014 on the file of the Income Tax Appellate Tribunal, Chennai, B Bench (for brevity, the Tribunal) for the Assessment Year 2009-10. 3.The Revenue has raised the following substantial questions of law in the above appeal : 1.Whether on the facts and in the circumstances of the case and in law, the Hon'ble Income Tax Appellate Tribunal was legally justifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the course of search, and thus the burden remains undischarged on the assessee who made the said assertion? 4.Whether on the facts and in the circumstances of the case and in law, the Income Tax Appellate Tribunal was right in holding that the lease commitment charges which was initially paid by the partner of the assessee firm in his individual capacity and subsequently disclosed as expendi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 08.08.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 crore. It is further submitted that the tax effect in this case is les ..... X X X X Extracts X X X X X X X X Extracts X X X X
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