2022 (2) TMI 1232

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.... B.K. Bagchi, DR ORDER PER PRASHANT MAHARISHI, AM: 01. In this Misc. Application arising out of ITA No. 2319/Mum/2019 is preferred by the learned. Jt. Commissioner of Income-tax (OSD), IT-4(1)(1), Mumbai. 02. Despite notice none appeared on behalf of the assessee. Therefore, this Misc. Application is decided as per facts available on record. 03. The Learned Departmental Representative Shri B.....

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.... as fees for technical services which is taxed under section 115A of the Act at the rate of 25%. The CIT(A) deleted the above addition. The Revenue preferred the appeal before ITAT. The tax involved in the above appeal is at the rate of 25% of the above sum which comes to Rs. 89,55,193/-, therefore, apparently, the appeal of the Revenue is maintainable and not covered by low tax effect instruction....