Revised minimum threshold limit of tax effect also applies to pending appeals 

ITO Vs Aditya Buildwell Pvt. Ltd. (ITAT Delhi)

The issue under consideration is whether the monetary threshold limit of tax effect will applicable to pending appeals as well or only on fresh appeals filed by the revenue?

ITAT held that, Revised enhanced minimum threshold limit of tax effect of Rs. 50,00,000 vide recent CBDT Circular No. 17/2-19, dt. 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. Accordingly, all existing appeals in ITAT, having tax effect below revised/enhanced limit of Rs. 50,00,000, had to be treated as withdrawn/not pressed, and therefore, not maintainable.

FULL TEXT OF THE ITAT JUDGEMENT

Per Anadee Nath Misshra, AM

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