https://www.taxtmi.com/caselaws?id=200655 The ITAT Mumbai dismissed the revenue's appeal against the deletion of an addition of Rs. 31,92,484 on account of bogus purchases for the assessment year 2007-08. The appeal was deemed not maintainable as the tax effect, calculated excluding surcharge and education cess, fell below the Rs. 10 lakh threshold specified in CBDT Circular No. 21/2015. The tribunal emphasized that only the tax amount should be considered for determining appeal validity under the circular, leading to the decision in favor of the assessee. en-us Wed, 02 Aug 2017 00:00:00 +0530 Wed, 11 Apr 2018 08:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200655 The ITAT Mumbai dismissed the revenue's appeal against the deletion of an addition of Rs. 31,92,484 on account of bogus purchases for the assessment year 2007-08. The appeal was deemed not maintainable as the tax effect, calculated excluding surcharge and education cess, fell below the Rs. 10 lakh threshold specified in CBDT Circular No. 21/2015. The tribunal emphasized that only the tax amount should be considered for determining appeal validity under the circular, leading to the decision in favor of the assessee. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200655