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| The Tax Publishers2021 TaxPub(DT) 0390 (Mad-HC) : (2020) 275 TAXMAN 0364 INCOME TAX ACT, 1961
Section 260A
Where tax effect involved in appeal filed before Tribunal was less than Rs. 50,00,000 in view of CBDT's Circular No. 3/2018 dated 11-7-2018, the said appeal would not be maintainable on account of low tax effect.
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Appeal (High Court) - Maintainability - Low tax effect -
Revenue filed an appeal before High Court. During the course of hearing, it was submitted on behalf of the Revenue that the tax effect involved in instant appeal was less than Rs. 50,00,000 therefore, the appeal had to be dismissed. Held: Since tax effect involved in appeal filed before Tribunal was less than Rs. 50,00,000; in view of CBDT's Circular No. 3/2018 dated 11-7-2018, the said appeal was not maintainable on account of low tax effect.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. :
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