ITAT Delhi Dismisses Income Tax Appeal Over Low Tax Effect

DCIT Vs Krishna Kirpa Computer Industries P. Ltd (ITAT Delhi) Delhi ITAT dismisses Revenue’s appeal as tax effect is below Rs 60 lakh monetary limit per CBDT circulars. Assessee’s cross objections withdrawn; ITAT Dismisses Revenue Tax Appeal Over Low Tax Effect; Tribunal Rules Appeal Below ₹60 Lakh Limit Not Maintainable. The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed an appeal filed by the Revenue, citing that the tax effect involved was below the monetary limit prescribed for filing appeals before the tribunal. The appeal was filed by the Deputy Commissi...