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| The Tax Publishers2020 TaxPub(DT) 2485 (Mad-HC) : (2020) 269 TAXMAN 0313 INCOME TAX ACT, 1961
Section 260A read with section 268A
Since tax effect was less than Rs. 1 crore, in view of Circular No. 17/2019, dated 8-8-2019, revenue's appeal filed before High Court was dismissed on ground of low tax effect.
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Appeal (High Court) - Maintainability - Lower tax effect -
Assessee contended that tax effect involved in revenue's appeal was lower than prescribed monetary limit. Held: Since tax effect was less than Rs. 1 crore, in view of Circular No. 17/2019, dated 8-8-2019, revenue's appeal filed before High Court was dismissed on ground of low tax effect.
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
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