2021 (11) TMI 1099

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the CBDT in matters relating to Short Term Capital Gains/Long Term Capital Gains, appeals have to be filed even if the tax effect is below the threshold limit. HELD THAT:- After hearing the learned counsel for the parties, we are of view that the reason assigned by the petitioner for not being able to file the appeal earlier is acceptable. Therefore, we exercise the discretion and condone the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... that in terms of the Circular issued by the CBDT in matters relating to Short Term Capital Gains/Long Term Capital Gains, appeals have to be filed even if the tax effect is below the threshold limit. Learned counsel appearing for the respondent vehemently opposes the prayer for condonation of delay. After hearing the learned counsel for the parties, we are of view that the reason assigned by th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X