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Informative

ITAT Dismisses Revenue’s Appeal on Cash Deposits and Cessation of Liabilities Due to Low Tax Effect

Update / Judgement Date

30 Jan 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

GST

The ITAT dismissed the revenue's appeal on cash deposits and cessation of liabilities due to low tax effect. The Tribunal ruled that the revenue's appeal lacked substantial grounds given the minor tax effect involved, and upheld the previous decision to dismiss the case. This highlights the importance of tax effect in deciding whether appeals should be pursued.