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2020 (10) TMI 145 - HC - Income TaxMaintainability of appeal - low tax effect - Depreciation on Intangible assets - Tribunal allowing depreciation at 60% in respect of design and assembly drawings of hydraulics cylinders, Bill of materials and other components in CD as computer software - As submitted Monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 Crore - HELD THAT:- The above tax case appeal is dismissed on account of the low tax effect. The substantial question of law framed is left open. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeal to be heard and decided on merits.
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