2019 (8) TMI 1445

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....ng Counsel : assisted by Ms.V.Pusha, Junior Standing Counsel For Respondent : Ms.Sree Lakshmi Valli, for Mr.G.Baskar JUDGMENT T.S.Sivagnanam,   This appeal filed by the appellant/Revenue under Section 260A of the Income-tax Act, 1961, is directed against the order dated 16.04.2012, passed by the Income-tax Appellate Tribunal Chennai 'A' Bench, Chennai, in I.T.A.No.731/Mds/....

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....lease transaction is a transaction of sale, while the commissioner never considered the transaction as a transaction of sale? (iii) Whether under the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in holding that the lease agreement entered into by the assessee was only a simple agreement for letting out of residential flat and there is no transaction of ....

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....nt of the low tax effect in terms of Circular No.17/2019, dated 08.08.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to Rs. 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit. 5.In the light of the said submissions, the above tax c....