Description:
Since the tax effect computed by virtue of the order of CIT [A] was below the monetary limit for challenging the same before Tribunal therefore, the appeal of revenue was not maintainable. Consequently the cross-objection was not pressed by assessee.
Asst.CIT v. Pioneer Fabricators (p).Ltd. (2010) 6 ITR 121 (Del ‘f’-Trib)
Source:
1. www.tpcc.in
2. The Tax Referencer .Volume117. Issue No.2 10 January2011 Page No.78.
Our Comment:
Monetary ceilings of the department are to be followed mandatorily by the department. However it does not mean the department is accepting the issue raised.
