If the tax effect involved excluding interest is less than 3 lacs than Revenue cannot prefer appeal against assessee before ITAT
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
We have heard both sides. The CBDT, vide above instruction has clearly laid down that the revenue should not prefer appeals against assessees before ITAT if the tax effect involved in the appeal, excluding interest, is less than Rs. 3 lacs. The tax payable in the present appeal being below Rs. 3 lacs, the revenue’s appeal is dismissed as not maintainable in view of CBDT Instruction.
Citation :
Dy.Commissioner of Income Tax, Circle-22(1),New Delhi. (Appellant) Vs Shri Hridey Vikram,F-38/2, Okhla Indl.Area,Phase-II, New Delhi.(Respondent)
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Shivani
Published in Income Tax
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