ITAT Dismisses Revenue’s Appeals against Civil Contractor as Tax Effect Below ₹60 Lakhs, Grounds Termed “Cryptic and Nebulous” [Read Order]
The Tribunal held that both appeals were liable to be dismissed at the threshold itself, on the ground that the tax effect was below the prescribed limit, and also because the grounds raised by the Revenue were “cryptic and mechanically approved”
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed two appeals filed by the Income Tax Officer against the assessee Janardan Shyam Bihari Singh, a civil contractor, for Assessment Years (AYs) 2011–12 and 2014–15. The Tribunal held that the tax effect in both cases was below the monetary limit of ₹60 lakhs…
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