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TMI Blog2019 (8) TMI 1748X X X X Extracts X X X X X X X X Extracts X X X X ..... t the order of Ld. Commissioner of IncomeTax (Appeals)-20, Mumbai, [in short referred to as 'CIT(A)'], Appeal No. CIT(A)-20/ACIT -12(2)(2)/IT-91/2015-16 dated 07/11/2016 as corrected vide corrigendum dated 11/01/2017 on following grounds of appeal: 1. On the facts and in the circumstances of the case and in law, the ld. CIT(A) erred in deleting the addition of Rs. 1,00,00,000/- on account of disa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mbai and therefore, the case would fall under exception 10(e) of Circular No. 03 of 2018 dated 11/07/2018 as amended on 20/08/2018. 3. Upon perusal, it is undisputed position that the tax effect of the quantum additions being contested by the revenue is less than prescribed monetary limit of Rs. 50 Lacs and the same is covered by recently issued low tax effect Circular No.17/2019 dated 08/08/2019 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... investigation) works under the aegis of investigation division of CBDT who is its controlling authority and hence, could not be called as external source. 5. Keeping in view the same, we dismiss the appeal with a liberty to the revenue to seek recall of the appeal, if at a later stage, it is found that the matter is covered by any exceptions provided in the aforesaid circular or in case the tax e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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