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2018 (5) TMI 62 - KARNATAKA HIGH COURTPenalty under Section 271E - maintainability of the present appeal filed on the basis of CBDT Circular No.21/2015, dated 10.12.2015 - monetary limit - Held that:- In view of the CBDT Circular No.21/2015, the stake of revenue to the extent of amount of penalty under Section 271E of the Act for the Assessment Year 2008-09 is below ₹ 20,00,000/- namely, the reduced amount of penalty as imposed by the learned Commissioner of Income Tax (Appeals) only to the extent of ₹ 7,59,443/-, therefore, the present appeal is not maintainable and the present appeal is therefore dismissed as not maintainable in view of the above said CBDT Circular No.21/2015.
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