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TMI Blog2024 (9) TMI 488X X X X Extracts X X X X X X X X Extracts X X X X ..... etion of the additions under the remand order would be less than Rs. 1,00,00,000/- appeal would not be maintainable as per Circular No. 17/2019 and appeal would have to be therefore dismissed. As also pertinent to state here that assuming that this appeal of the department is to be allowed and the matter is remanded to the Tribunal, even then the subject matter of the appeal would Rs. 50,00,000/- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , Adv. for the Respondent JUDGMENT These two appeals are filed by the Department challenging the dismissal of the appeal and also allowing of cross-objections which resulted in dismissal of the appeal for the assessment year 2007-08. 2. ITA 450/2018 is preferred challenging the order of the Tribunal by which the cross-objections of the assessee were upheld and as a consequence, the assessment orde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It was thus held that the assessee was liable to pay a sum of Rs. 1,54,48,268/-. Being aggrieved by the said assessment order, the assessee preferred an appeal. 5. In the appeal, out of the six additions mentioned above, except the addition relating to Loss on sale of land-Mysore Branch amounting to Rs. 6,50,500/-, the remaining five additions were held to be improper. 6. It is also pertinent to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is also pertinent to state here that assuming that this appeal of the department is to be allowed and the matter is remanded to the Tribunal, even then the subject matter of the appeal would Rs. 50,00,000/- and that would also be lesser in Monetary limits than prescribed in Circular No. 17/2019. In other words, no useful purpose would be served as the tax effect in this case would be below Rs. 50, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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