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TMI Blog2022 (2) TMI 73X X X X Extracts X X X X X X X X Extracts X X X X ..... n 21.10.2011 and till date the assessee had not constructed or taken possession of the new property which is beyond 3 years - HELD THAT:- We find that tax effect involved is lower than ₹ 50 Lacs as prescribed by CBDT Circular No.17/2019 dated 08.08.2019.. Therefore, the appeal deserves to be dismissed being not maintainable. - ITA No.2143/Del/2017 - - - Dated:- 31-1-2022 - Shri Kul Bhara ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... done in 2 years. (b) Alleged investment was made In Saamag group company namely My s. Zenith Township Pvt. Ltd. from which assessee derive salary income may not be genuine Villa purchase transaction but merely a Financial transaction. 2. (a) Thus, the order of the CIT(A) is erroneous and not tenable in law and on facts. (b) The appellant craves leave to add, alter or amend any/all o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was observed that the assessee was in possession of 3,333 (33%) shares of Delta Softpro Pvt.Ltd. which was acquired by the assessee on 04.09.2006 at the time of incorporation of the company. The company, alongwith all of its assets, was sold to New Delhi Television Limited ( NDTV ) and the assessee received an amount of ₹ 2,50,45,957/- as his share for the equity shares hold. The capital ga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same into the income of the assessee hence, the Assessing Officer computed the income at ₹ 2,42,83,013/- against the income declared by the assessee of ₹ 2,43,400/-. 3. At the outset, it is pointed out that the present appeal is not maintainable on account of low tax effect. It is stated that tax effect is below the peculiar limit as prescribed by the CBDT Circular No.17/2019 d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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