2019 (4) TMI 390

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.... For the Respondent : Shri Sudhendu Das ORDER PER R.S.SYAL, VP : This batch of four appeals comprises of 2 cross appeals in relation to the assessment years 2008-09 and 2009-10. The impugned orders have been passed u/s. 16(3) r.w.s. 17 of the Wealth Tax Act, 1957 (in short 'the Act'). 2. The assessee filed written submissions stating that the appeals of the Revenue are liable to be d....

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....onetary limit in para 3 shall not apply to writ matters and Direct tax matters other than Income tax and filing of appeals in such cases shall continue to be governed by relevant provisions of statute and rules. The CBDT vide Circular No. 5/2019 (supra) clarified that since there is no charge under Wealth Tax Act, 1957 w.e.f. 01.04.2016, as a step towards litigation management, the Board has decid....

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....e chargeability of interest is the issue under dispute, the amount of interest shall be the tax effect. In case of penalty orders, the tax effect will remain quantum of penalty deleted or reduced in the order to be appealed against." 5. In view of extension of circular to wealth tax appeals coming into effect, which is applicable to pending appeals, the present appeals filed by the Revenue befo....