2021 (12) TMI 992

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....declared income of Rs. 7,36,735/- after claiming deduction of Rs. 1,22,83,721/- under Section 80IC of the Income Tax Act, 1961 (for short 'the Act'). The case of assessee was selected for scrutiny and accordingly, vide order dated 27.03.2015 assessment under Section 143 (3) of the Act was completed. Subsequently, assessment was also framed under Section 143 (3) read with Section 147 of the Act vide order dated 04.12.2018 and income of the assessee was assessed at Rs. 13,81,278/- by disallowing deduction under Section 80IC to the extent of income of Rs. 6,44,538/-. 3. The assessee assailed the above noted assessment order before CIT(A) Shimla by way of Appeal No. IT/204/18-19/Sml. The appeal of assessee was allowed vide order dated 28.06.20....

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....ncome Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court - Amendment to Circular 3 of 2018 - Measures for reducing litigation. Circular No. 3/2018 dated 11th July 2018 has been replaced by circular No. 17/2019 dated 8th August 2019 to enhance Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court for reducing litigation. Appeals/SLPs in Income-tax matters Monetary Limit (Rs.) (Previous Limit) Monetary Limit (Rs.) (Revised Limit) Before Appellate Tribunal 20,00,000 50,00,000 Before High Court 50,00,000 1,00,00,000 Before Supreme Court 1,00,00,000 2,00,00,000 * The Assessing Officer shall calculate the tax ef....