Appeal cannot be filed in Tribunal if the tax effect is less than Rs.3 lakh
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
At the outset, it was pointed out by the learned AR that the tax effect in the present case is less than Rs. 3 lac. He has produced before us the demand notice according to which the total tax has been computed at Rs. 2,12,781/-. The learned DR could not controvert the quantum of tax effect. According to the recent instruction No.3/2011 of 9th February, 2011 issued by the CBDT, monetary limit for filing the appeal in income-tax matters before the Tribunal has been fixed at Rs. 3 lac.
Citation :
ITA No.4899/Del/2009 Assessment Year: 2001-02 ITO, Ward 6 (2),Room No.185,CR Building,New Delhi.(Appellant)Vs. Marshall Castings Pvt. Ltd.,1568 A, Sachdeva Place Building,M-113, Bhagirath Place,Chandni Chowk,New Delhi.PAN: AAACM6370Q (Respondent)
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Judgements Access
Already a PRO member? Login here for an ad-free experience.
CS Bijoy
Published in Income Tax
Views : 1509
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
