2020 (3) TMI 869

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....appeal filed by the Revenue against the order dated 25.10.2019 of the CIT(A), Sambalpur for the assessment year 2007-08. 2. The revenue has raised the following grounds of appeal: " 1. On the fact and circumstances of the case, the Ld. CIT(A), Sambalpur is not justified in deleting the addition of Rs. 13,35,355/- made towards "Excess depreciation on spinning unit" in the assessment ord....

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.... for ' cost of management' @2% of working capital. 5. On the fact and circumstances of the case, the Ld. CIT(A), Sambalpur is not justified in deleting the addition of Rs. 7,00,485/- made towards " Interest received & receivable" 3. The appeal is time barred by 08 days. The department has filed condonation petition for condoning the delay. After going through the condonation pe....

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.... not to file, or press, the appeals, before this Tribunal, against the appellate orders favourable to the assessee in the cases in which overall tax effect, excluding interest except when interest itself is in dispute, is Rs. 50,00,000/- or less. 6. This circular, only enhances the monetary limits and gives further relaxation. The old circular, beyond any dispute or controversy, categorically a....

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.... Petition is dismissed, leaving all the questions of law open". 9. Learned D.R. submits that liberty may kindly be given to point out, upon necessary further verifications, and to seek recall the dismissal of appeal and restoration of the appeal in the case: (i) in which it can be demonstrated that the appeals are covered by the exceptions, and (ii) which are inadvertently inc....