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Circular on monetary limits for filing Income Tax appeals does not apply to pending appeals
Case Law Details
- Case Name
- CIT Vs. M/s Varindera Construction Co (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Circular dated 15.5.2008 laying down monetary limit controls the filing of the appeals and not their hearing. Appeals filed as per applicable limit at the time of filing cannot be governed by circular applicable at the time of hearing. The object of the Circular u/s 268A is only to govern monetary limit for filing of the appeals. There is no scope for reading the circular as being applicable to pending appeals. A contrary view has been taken in CIT vs. Delhi Race Club Ltd(HC New Delhi)
CIT Vs. M/s Varindera Construction Co
ITA No. 209 of 2003 Date of decision: 04.2.2011
HIGH COURT OF PUNJAB...
Purpose of fixing limits is to reduce litigation.