Wednesday 10 October 2012

Question whether Low Tax Effect Circular can apply to pending appeals referred to Full Bench

CIT vs. Shambhubhai Mahadev Ahir (Gujarat High Court)


The department filed an appeal in the High Court in 2008, the tax effect of which was more than Rs. 4 lakhs but less than Rs. 10 lakhs. The assessee claimed, relying on Sureshchandra Durgaprasad Khatod (HUF) & Madhukar K. Inamdar 318 ITR 149 (Bom), that as Instruction No. 3 of 2011 dated 9.2.2011 issued by the CBDT applied to pending appeals and as the tax effect was lower than the sum of Rs. 10 lakhs prescribed therein, the appeal was not maintainable. The department argued that the maintainability of the appeal had to be decided on the basis of the CBDT Instruction dated 15.5.2008 which was in force at the time of filing the appeal. HELD by the High Court:

No comments:

Department of Commerce issues clarification on newly inserted Rule 11B of SEZ Rules

  This Tax Alert summarizes a recent instruction  issued by the SEZ Division, Department of Commerce, clarifying various concerns relating t...