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Appeal filing Threshold limit applies to both pending & future appeals
Case Law Details
- Case Name
- ACIT Vs Shri Harish Bhasin (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-2011
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs Shri Harish Bhasin (ITAT Delhi)
Conclusion: Revised/enhanced minimum threshold limit of tax effect of Rs. 50 Lakh vide CBDT Circular No. 17/2019, dated 8-8-2019 was applicable not only for appeals to be filed by Revenue in future; but also for appeals already filed by Revenue in ITAT. Therefore, all existing appeals in ITAT, having tax effect below the revised/enhanced limit of Rs. 50,00,000, were to be treated as withdrawn/not pressed; and were, not maintainable.
Held: The issue arose for consideration was whether the revised/enhanced minimum threshold limit of tax effect of Rs. 50, 0...
