ASSISTATN COMMISSIOENR OF INOCME TAX CENTRAL CIRCLE -2(2), NAGPUR vs. SHRI RAMSWARUP S SARDA , NAGPUR

Facts

The Revenue filed two appeals against separate orders of the CIT(A) concerning Assessment Years 2013-14 and 2014-15. The tax effect involved in both appeals was found to be less than the monetary limit prescribed by the CBDT for filing appeals.

Held

The Tribunal held that since the tax effect in both appeals was below the monetary limit set by the CBDT, the appeals were not maintainable and were dismissed. The Revenue was granted liberty to seek revival if the tax effect was later found to be higher or if an exception clause applied.

Key Issues

Maintainability of Revenue's appeals before the Tribunal due to low tax effect.