Revenue’s appeal, prima-facie, is not maintainable in terms of low tax effect

Last updated: 18 January 2021

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The Income Tax Appellate Tribunal has dismissed an appeal filed by the Revenue department. This decision was made because the tax effect of the disputed addition was below the monetary limit of £50 Lakhs, as per CBDT's Circular No. 17/2019. The tribunal noted a typographical error in the appeal form but proceeded with the case. The Revenue is granted liberty to seek recall if exceptions apply or the tax effect exceeds the limit.

Court :
ITAT Mumbai

Brief :
Aforesaid appeal by revenue for Assessment Year 2014-15 contest the order of learned first appellate authority on certain grounds of appeal. Upon perusal of Form-36, it is noted that thename of the assessee has erroneously been written as Shri HiralalM.Jain. However, assessee’s particulars in Authorization Memo have correctly been written. Therefore, finding mere typographical error in Form No.36, we ignore the same and proceed to disposeoff the appeal.

Citation :
I.T.A. No.3908/Mum/2019

Daily Limit Reached