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2022 (1) TMI 1035
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.... ORDER PER K. NARASIMHA CHARY, J.M. This appeal by the Revenue for the assessment year 2012-13 is directed against the order of Ld. Commissioner of Income-tax (Appeals)-28, New Delhi dated 17.08.2018. 2. None appeared on behalf of the Revenue. Learned AR, at the outset of the hearing brought to our attention that CBDT vide Circular No. 17/2019 dated 08th August 2019 has decided that the ....
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....amendment in Para 3 of the Circular mentioned above and accordingly, the table for monetary limits specified in Para 3 of the Circular shall read as follows: S.No. Appeals/SLPs in Income-tax matters Monetary Limit (Rs.) 1. Before Appellate Tribunal 50,00,000 2. Before High Court 1,00,00,000 3. Before Supreme Court 2,00,00.000 3. Further, with a view to ....
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....ct is less than the monetary limit specified in para 3. Further, even in the case of composite order of any High Court or appellate authority which involves more than one assessment year and common issues in more than one assessment year, no appeal shall be filed in respect of an assessment year or years in which the tax effect is less than the monetary limit specified in para 3. In case where a c....
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....ty of the above circular to pending appeals has been decided by the coordinate bench in Dinesh Madhavlal Patel [TS- 469-ITAT-2019(Ahd)]2019-TIOL-1556-ITAT-AHM dated 14th August, 2019 . 5. In view of the above, Circular No. 17/2019 dated 08/08/2019 will apply to all pending appeals. Therefore, it is held that the appeal is not maintainable in the instant case as the tax effect is less than Rs. 5....