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2017 (2) TMI 1371 - HC - Income TaxMaintainability of appeal - monetary limit - Held that:- Taking note of the CBDT Circular dt. 10/12/2015 and the tax effect which indisputably in the instant case is less than ₹ 20 lac, much less than what has been prescribed for filing appeals before the High Courts, deserves to be dismissed as not pressed. However, it is made clear that the substantial questions of law raised in the instant appeal, if any, are left open to be examined in an appropriate proceeding, if arises in future. At the same time we consider it appropriate to observe that if the appeal falls in any of the exceptions as referred to in the Circular dt. 10/12/2015, the Revenue will be at liberty to move an application for recalling of the order if so advised. Accordingly, in the light of the CBDT Circular dated 10.12.2015 the appeal stand dismissed as not pressed.
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