https://www.taxtmi.com/caselaws?id=456749 An accepted revenue audit objection does not automatically bring an appeal within the low-tax-effect exception under CBDT instruction clause 10(c); the exception applies only where the impugned appeal arises from the proceedings in which the audit objection was accepted. Here, the audit objection related to reassessment under section 147, while the appeal before the ITAT concerned rectification under section 154. Because the appeal did not stem from the audit-accepted proceedings, the miscellaneous application seeking recall of the earlier low-tax-effect dismissal was found unsustainable and dismissed. en-us Wed, 25 Jan 2023 00:00:00 +0530 Mon, 12 Aug 2024 20:08:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456749 An accepted revenue audit objection does not automatically bring an appeal within the low-tax-effect exception under CBDT instruction clause 10(c); the exception applies only where the impugned appeal arises from the proceedings in which the audit objection was accepted. Here, the audit objection related to reassessment under section 147, while the appeal before the ITAT concerned rectification under section 154. Because the appeal did not stem from the audit-accepted proceedings, the miscellaneous application seeking recall of the earlier low-tax-effect dismissal was found unsustainable and dismissed. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456749