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2008 (7) TMI 543 - MADRAS HIGH COURTPenalty- Whether the Income-tax Appellate Tribunal is right in dismissing the appeal preferred by the Revenue without going into the merits of the case on the ground that the tax effect is less than Rs. 1,00,000 ? Held that- the tax amount of Rs. 5,850 involved in the case was less than the limit of Rs. 1 lakh fixed by the circular, the department failed to make out a case that the appeal could be covered under the four exceptions provided in the circular of the Central Board of Direct Tax.
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