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2021 (1) TMI 613 - AT - Income TaxMaintainability of appeal due to low tax effect - Bogus loan taken - Addition u/s 68 - Assessee obtained bogus share application money of premium - HELD THAT:- It is not the case where claim of bogus long term capital gain or short term capital gain is made. It could be a case of suspicious loan transaction. Since the suspicious loan transaction is not covered in the exceptions clause of CBDT circular. We find merit in the contention of the Ld. counsel for the assessee. Hence, we hold that the present appeal is not maintainable in view of the monetary limit prescribed by CBDT Circular No. 17 of 2019 dated 8th August 2019. The appeal is dismissed as not maintainable.
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