ITAT Ahmedabad Dismisses 697 Low Tax Effect Dept Appeals

DCIT Vs Swati M Kankaria (ITAT Ahmedabad) 1. Vide CBDT circular dated 11th July 2018, the income tax department has announced its policy decision not to file, or press, the appeals, before this Tribunal, against the appellate orders favourable to the assessee in the cases in which overall tax effect, including surcharge but excluding interest, is Rs 20,00,000 or less. This monetary limit, which was Rs 3,00,000 till 10th July 2014, has been in effect enhanced by almost 700% in the last four years, and the relief is retrospective in nature inasmuch as it not only applies to future appeals but...