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Income Tax

ITAT Delhi Dismisses Revenue Appeal as Tax Effect was Below Rs. 60 Lakh Limit 

Case Law Details

Case Name
DCIT Vs Naresh Kumar Garg (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
Advertisement DCIT Vs Naresh Kumar Garg (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi dismissed the Revenue’s appeal in the case of DCIT vs. Naresh Kumar Garg for the assessment year 2016-17. The appeal arose from proceedings under Sections 143(3) and 147 of the Income-tax Act, 1961, following a decision by the Commissioner of Income Tax (Appeals)-3, Noida. When the case was called, no representative appeared for the assessee, leading the tribunal to proceed ex-parte. The key issue in the case was the total tax effect of Rs. 54,04,476, which was below the threshold of Rs. 60 lak...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,778

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