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75 orders · Page 2 of 2
The Tribunal observed that the tax effect in each appeal was below Rs. 50 lakhs, as per CBDT Circular No. 17/2019. Therefore, the appeals were dismissed as not maintainable.
The Tribunal dismissed the Revenue's appeal as not maintainable due to the low tax effect, following CBDT Circular No. 17/2019. Consequently, the Assessee's Cross Objection was also dismissed as infructuous.
The Tribunal dismissed the appeals filed by the Revenue as not maintainable due to the low tax effect. Consequently, the cross-objections filed by the assessees were also dismissed as academic.
The Tribunal dismissed the appeals filed by the Revenue as not maintainable due to the low tax effect. Consequently, the cross-objections filed by the assessees were also dismissed as academic.
The ITAT held that the appeals were not maintainable as per CBDT Circular No. 17/2019 and its clarification. The Revenue Department was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals were not maintainable due to the low tax effect, as per CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals were not maintainable due to the low tax effect, as per CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals were not maintainable due to the low tax effect, as per CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals filed by the Revenue Department were not maintainable due to the low tax effect, as per the CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal dismissed the appeals filed by the Revenue Department. The cross objection filed by the assessee was also dismissed as academic.
The Tribunal dismissed the appeals filed by the Revenue Department. The cross objection filed by the assessee was also dismissed as academic.
The Tribunal dismissed the appeals filed by the Revenue as not maintainable due to the low tax effect. Consequently, the cross-objections filed by the assessees were also dismissed as academic.
The Tribunal dismissed the appeals filed by the Revenue as not maintainable due to the low tax effect. Consequently, the cross-objections filed by the assessees were also dismissed as academic.
The Tribunal held that the appeals were not maintainable due to the low tax effect, as per CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that the appeals were not maintainable due to the low tax effect, as per CBDT Circular No. 17/2019. The Revenue was granted liberty to seek recall if exceptions applied.
The Tribunal held that CBDT Circular No. 17/2019, when read in conjunction with CBDT Circular No. 03/2018, applies retrospectively to pending appeals. Therefore, appeals with a tax effect below the specified limit are not maintainable.
The Tribunal held that since the assessee had sufficient own funds (reserves, surplus, and profits) to cover the expenses and investments, the disallowance of interest was not justified. The Tribunal followed Supreme Court and High Court judgments on the matter.
The Tribunal set aside the orders of the lower authorities and remanded the case back to the Assessing Officer. The Assessing Officer is directed to examine the additional evidence, including the buyer's affidavit, and examine the buyer in person.