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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 ..... LD THAT:- It is undisputed position that the tax effect of the quantum additions being contested by the revenue is less than prescribed monetary limit of ₹ 50 Lacs and the same is covered by recently issued low tax effect Circular No.17/2019 dated 08/08/2019 issued by Central Board of Direct Taxes [CBDT]. This recent circular further enhances the monetary limit fixed in earlier Circular No.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k 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 effect of the quantum additions as agitated by revenue exceeds the prescribed monetary limit. - I.T.A. No.1183/Mum/2017 - - - Dated:- 20-8-2019 - SHRI C.N. PRASAD AND SHRI MANOJ KUMAR AGGARWAL, JJ. ORDER Manoj Kumar Aggarwal, J. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns being contested by the revenue is below threshold monetary limit of ₹ 50 Lacs as prescribed by Central Board of Direct Taxes in its recently issued Circular No.17/2019 dated 08/08/2019 [F.No.279/Misc.142/2007-TTJ(Pt.) Government of India, Ministry of Finance, Department of Revenue] and therefore, the appeal deserve to be dismissed. The Ld. Departmental Representative, on the other hand, s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018, applies to pending appeals also. 4. So far as the plea of Ld. DR is concerned, we find that information received from DGIT (Investigation) would not constitute external sources within the meaning of clause (e) of para 10 of circular no. 03/2018 dated 11/07/2018 as amended on 20/08/2018. This view has been taken by the co-ordinate bench of this Tribunal in the case of ITO V/s Late Shri Ama ..... X X X X Extracts X X X X X X X X Extracts X X X X
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