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2020 (4) TMI 188 - AT - Income TaxMaintainability of appeal - low tax effect - Penalty u/s 271(1)(c) on non-disclosure of receipts from M/s. Hindustan Unilever Ltd., and unsecured loan added u/s 68 - HELD THAT:- The Hon'ble Supreme Court in the case of The Commissioner of Income Tax-5,New Delhi Vs. Keshav Power Ltd., in SLP No.21497/2019 dated 16.08.2019 [2019 (8) TMI 811 - SC ORDER] has applied the Circular No.17/2019 dated 08.08.2019 and has dismissed the appeal holding as since the tax effect involved in the matter is less than ₹ 2 crores, going by the latest circular issued by the CBDT, we see no reason to interfere in this matter. The Special Leave Petition is dismissed, leaving all the questions of law open - Thus appeal filed by the Revenue is found to be non-maintainable and hence, dismissed..
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