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2024 (4) TMI 98 - SC ORDERMaintainability of petitions on the issue of ‘low tax effect' - threshold limit for filing the appeal under Interest Tax Act - HELD THAT:- Clause 5 of the Circular instruction dated 27.03.2000 though primarily applicable to cases under the Income Tax Act expressly mentions by way of example, wealth tax, gift tax and estate duty and insofar as the taxes which are not mentioned, use of the word “etc.” is significant. This implies that Circular instruction has mentioned only a few of the direct taxes which would be coming within the scope and ambit of the said Circular but insofar as those Acts, which are not specifically mentioned, the expression “etc.” is significant. We find that the said Circulars would also cover the Interest Tax Act as it is direct tax and can be read within the scope and ambit of the word “Et Cetera". Admittedly, the Special Leave Petitions assail orders where the threshold limit is less than Rs.2,00,00,000/- (Rupees Two Crores). Special Leave Petitions are dismissed owing to ‘low tax effect’.
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