2019 (3) TMI 172

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....turvedi, AM For the Assessee : S/Shri Sunil Pathak & Rajendra Bunage For the Respondent : S/Shri Rajeev Kumar, CIT And Dr. Vivek Agarwal ORDER PER SUSHMA CHOWLA, JM: This bunch of appeals filed by Revenue are against two separate consolidated orders of CWT(A)-12, Pune, both dated 02.06.2017 relating to different assessment years 2008-09 to 2010-11 against respective orders passed un....

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....the High Courts and Apex Court. In this regard, he filed copy of CBDT's Circular No.5/2019, dated 05.02.2019. He also pointed out that in all the appeals before the Tribunal, tax effect was less than the prescribed limits and hence, the appeals of Revenue are not maintainable. 4. The learned Departmental Representative for the Revenue fairly conceded to the proposition raised by the learned Aut....

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.... In the hands of other assessee i.e. Nashik Marketing Pvt. Ltd., the assessed net wealth is Rs. 35,24,070/- in assessment year 2008-09 and 2009-10 and wealth tax charged is Rs. 20,241 and Rs. 5,241/- and in assessment year 2010-11 the net wealth assessed is Rs. 40,58,020/- and wealth tax charged is Rs. 10,580/-. 7. The CBDT vide earlier Circular No.3/2018, dated 11.07.2018 had prescribed the mo....

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....ular to wealth tax matters in mutatis mutandis manner and with modifications as prescribed. For the purpose of wealth tax appeals, para 4 of the circular shall now read as under (as provided in the circular):- "4. For this purpose, „tax effect‟ means the difference between the tax on Net Wealth assessed and the tax that would have been chargeable had such Net Wealth been reduc....