Sale consideration as per the provisions of section 43CA(1) of the Income Tax Act

Last updated: 18 October 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by the Revenue due to a low tax effect. The tribunal noted that the tax effect involved in this case was below the Rs. 50 lakhs threshold set by CBDT Circular No. 17 of 2019 for filing appeals before the ITAT. As the Revenue provided no evidence to suggest the appeal fell under any exceptions, it was deemed not maintainable.

Court :
ITAT Delhi

Brief :
This appeal filed by the Revenue is directed against the order dated 09.05.2018 of the Commissioner of Income Tax (Appeals) � 3, Delhi relating to Assessment Year 2014-15.

Citation :
ITA No. 5132/Del/2018

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