TaxTMI 
TaxTMI 
2015 (12) TMI 1886
X X X X Extracts X X X X
X X X X Extracts X X X X
....IN, AM AND GEORGE GEORGE.K, JM For the Appellant : Sh Narayana Moorthy, Shri P K Sasidharan, Shri CBM Warrier, CA For the Respondent : Sh K P Gopakumar, SR DR, Sh Shantom Bose CIT-DR ORDER PER BENCH: These appeals, filed by the revenue pertain to different assessees, are directed against separate orders of the CIT(A) and they relate to different assessment years. 2. We have heard the parties and perused the material available on record. 3. It was observed that in view of the latest CBDT Circular No.21/2015 dated 10th December, 2015, the appeals of the Department are not maintainable inview of the tax effect being less than the monetary limit prescribed by the said Circular. The tax effect in filing the appeal before the....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Rs.) 1. Before Appellate Tribunal 10,00,00/- 2. Before High Court 20,00,000/ 3. Before Supreme Court - 25,00,000/- It is clarified that an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed above. Filing of appeal in such cases is to be decided on merits of the case. 4. For this purpose, "tax effect" means the difference between the tax on the total income assessed and the tax that would have been chargeable had such total income been reduced by the amount of income in respect of the issues against which appeal is intended to be filed (hereinafter referred to as "disputed issues"). However the tax will not include any interest thereon, excep....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... of the year(s) in which 'tax effect' exceeds the monetary limit prescribed. In case where a composite order/ judgement involves more than one assessee, each assessee shall be dealt with separately. 6. In a case where appeal before a Tribunal or a Court is not filed only on account of the tax effect being less than the monetary limit specified above, the Commissioner of Income-tax shall specifically record that "even though the decision is not acceptable, appeal is not being filed only on the consideration that the tax effect is less than the monetary limit specified in this instruction". Further, in such cases, there will be no presumption that the Income-tax Department has acquiesced in the decision on the disputed issues....
X X X X Extracts X X X X
X X X X Extracts X X X X
....should be contested on merits notwithstanding that the tax effect entailed is less than the monetary limits specified in para 3 above or there is no tax effect: (a) Where the Constitutional validity of the provisions of an Act or Rule are under challenge, or (b) Where Board's order, Notification, Instruction or Circular has been held to be illegal or ultra vires, or (c) Where Revenue Audit objection in the case has been accepted by the Department, or (d) Where the addition relates to undisclosed foreign assets/ bank accounts. 9. The monetary limits specified in para 3 above shall not apply to writ matters and direct tax matters other than Income tax. Filing of appeals in other Direct tax matt....