2019 (3) TMI 996 - SCH - Income Tax

Maintainability of appeal - monetary limit - Addition u/s 68 on account of unexplained cash credits - HELD THAT - The tax effect is Rs. 9, 21, 213. In view of Circular No. 3/2018 dated 11 July 2018 as amended by Circular dated 20 August 2018 of the Central Board of Direct Taxes CBDT the Special Leave Petition need not be entertained. SLP dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition due to the tax effect being Rs. 9,21,213, as per Circular No. 3/2018 dated 11 July 2018 of the CBDT. The question of law remains open, and pending applications are disposed of.