2024 (9) TMI 488

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....vind K.V., Adv. for the Appellant A. Shankar, Sr. Counsel and Lava M., Adv. for the Respondent JUDGMENT These two appeals are filed by the Department challenging the dismissal of the appeal and also allowing of cross-objections which resulted in dismissal of the appeal for the assessment year 2007-08. 2. ITA 450/2018 is preferred challenging the order of the Tribunal by which the cross....

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....Add: Education Cess Rs.3,43,445     Rs. 1,75,15,708   Add: Interest u/s 234A Rs. 5,25,471   234B Rs. 54,79,311   234C Rs. 3,27,778     Rs. 2,38,48,258   Less: 140A paid Rs. 84,00,000   Total payable Rs. 1,54,48,268 4. It was thus held that the assessee was liable to pay a sum of Rs. 1,....

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....19,35,208/- of which the tax liability would only be a sum of Rs. 37,98,432/-. 8. In view of the fact that the tax liability by virtue of deletion of the additions under the remand order would be less than Rs. 1,00,00,000/- appeal would not be maintainable as per Circular No. 17/2019 and appeal would have to be therefore dismissed. 9. It is also pertinent to state here that assuming that thi....