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2022 (11) TMI 1064 - HC - Income TaxMaintainability of appeal on low tax effect - cascading effect of circulars - HELD THAT:- The value in the appeal is less than the limit prescribed by CBDT Circular. The Supreme Court in the judgment reported in S.C.Naregal v Commissioner of Income Tax [2019 (10) TMI 1535 - SUPREME COURT] has considered the effect of CBDT Circular and dismissed the appeal coming within the purport of CBDT Circular. The valuation of the subject appeal since is less than the limit stipulated by CBDT Circular, the judgment of Apex Court in S.C.Naregal (supra) is applicable to the appeal. By a combined reading of the reported decisions and the order of the Supreme Court we are of the view that the appeal could be dismissed as coming within the monetary limit prescribed in Circular No.3/2018, subject to the observations made in [2018 (10) TMI 1977 - SC ORDER]
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