9911796707
TMI Blog2021 (3) TMI 1364X X X X Extracts X X X X X X X X Extracts X X X X ..... AT:- 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 less than the threshold li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uestions of law: 1. Whether on the facts and in the circumstances of the case, the ITAT's conclusion that the CIT(A) has rightly directed the Assessing Officer to delete the liability of ₹ 2,76,40,000/- was correct inspite of the fact that the assessee has not proved the identity, genuineness and creditworthiness of the persons purported to have given land advances, even during t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit. 5. In the light of the said submissions, the above tax case appeal is dismissed on account of the low tax effect. The substantial questions of law framed are left open. In the event the tax effect is above the threshold limit fixed in the sa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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