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Appeal by revenue not allowable if tax effect is less then monetary limit specified
Case Law Details
- Case Name
- The Assistant Commissioner of Income Tax Vs. M/s. Shree Shakthi Ware House (P) Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2001-02
- Courts
- All ITAT, ITAT Chennai
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ACIT Vs. Shree Shakthi Ware House (P) Ltd. (ITAT Chennai) – On both the years Circular No.3/2011 of CBDT will apply and due to low tax effect, the appeals of the Revenue are not maintainable. There is no case for the Revenue that the issue involved has got any cascading effect over other years or on the assessments of any group of which assessee is a part.
INCOME-TAX APPELLATE TRIBUNAL, CHENNAI
I.T.A. Nos. 503 and 504/Mds/2011
Assessment Year: 2001-02 and 2002-03
The Assistant Commissioner of Income Tax
Vs.
M/s. Shree Shakthi Ware House (P) Ltd.
Date of pronouncement 12.12.2011
OR...
