Monetary Appeal filing limit – Stay does not mean end of Income Tax prosecution

ACIT Vs Raj Auto Wheels Pvt. Ltd. (ITAT Jaipur) From the facts on record, we noticed that appeals filed by the Department in ITA Nos. 592 & 593/JP/2015 for assessment years 2010-11 & 11-12 were dismissed by the Coordinate Bench of the Tribunal by relying upon CBDT Circular No. 17 of 2019 by concluding that the appeals of the department are not maintainable as the monetary limit in these appeals was less than Rs. 50,00,000/-. However, at the time of dismissal of the appeals, the Coordinate Bench had given liberty to the Department to file Miscellaneous Application in case the tax effect...