During the assessment proceedings, the AO made the tax addition of more than 1 crore. However, the tax liability was reduced below 1 crore during the appeal proceedings. Where tax liability was less than Rs. 1 crore, the appeal of Revenue would not be maintainable as per CBDT Circular 17/2019. (AY. 2007-08)
PCIT v. Bharat Infra Tech (P.) Ltd. [2022] 291 Taxman 185 (Karn)(HC)
S. 268A : Appeal-Instructions-Circulars-Monetary limits-Tax liability below 1 crore-Department appeal was dismissed.[S. 260A]