DCIT, New Delhi M/s Jay Metal Industries Pvt. Ltd., New Delhi

Last updated: 24 December 2020

Save Share

Quick Summary

The Income Tax Appellate Tribunal has recalled its previous order dismissing an appeal filed by the Revenue against M/s. Jay Metal Industries Pvt. Ltd. for the assessment year 2008-09. The Revenue argued that the appeal was dismissed on grounds of low tax effect, but the actual tax effect in this case exceeded the threshold, amounting to Rs. 10,83,779. The Tribunal agreed that there was a mistake apparent from the record and has allowed the miscellaneous application to recall the order.

Court :
ITAT New Delhi

Brief :
This Miscellaneous application is filed by the ld. Assessing Officer in ITA. No. 1945/Del/2011 wherein appeal filed by the Revenue for Assessment Year 2008-09 was dismissed on account of low tax effect prevailing as on that date of Rs.10 lakhs. The Revenue says that in the present case the tax effect is more than Rs.10 lakhs i.e. Rs. 10,83,779/- which is more than thresh-hold of Rs.20 lakhs. Therefore, it was submitted that there is a mistake apparent from record and the order deserves to be recalled.

Citation :
ITA. No. 1945/Del/2011

Daily Limit Reached