https://www.taxtmi.com/caselaws?id=391400 The Department's appeal against the deletion of an addition of Rs. 79,20,000 under section 69 of the I.T. Act, 1961 for the A.Y. 2006-2007 was dismissed by the ITAT Delhi. The appeal was not pressed by the Department as the tax effect fell below the specified monetary limit of Rs. 50 lakhs as per CBDT Circulars. The judgment upheld adherence to the Circulars, leading to the dismissal of the Department's appeal based on the prescribed monetary limits. en-us Fri, 01 Nov 2019 00:00:00 +0530 Tue, 28 Jan 2020 09:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391400 The Department's appeal against the deletion of an addition of Rs. 79,20,000 under section 69 of the I.T. Act, 1961 for the A.Y. 2006-2007 was dismissed by the ITAT Delhi. The appeal was not pressed by the Department as the tax effect fell below the specified monetary limit of Rs. 50 lakhs as per CBDT Circulars. The judgment upheld adherence to the Circulars, leading to the dismissal of the Department's appeal based on the prescribed monetary limits. Case-Laws Income Tax Fri, 01 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391400