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2024 (2) TMI 610 - SC ORDERMaintainability of appeal before Supreme Court - monetary limit for filing appeals/SLPs in income-tax matters before the Supreme Court - low tax effect - computation of tax effect - HELD THAT:- As Circular dated 8th August, 2019 issued the Director (ITJ), CBDT, New Delhi, a copy of which is placed on record. As per the Circular, the tax effect limit (monetary limit) for filing appeals/SLPs in income-tax matters before the Supreme Court is fixed at Rs.2,00,00,000 (Rupees Two Crores). In the present case total quantum involved is Rs.2,71,76,799/- (Rupees Two Crores Seventy-one Lakhs Seventy-six Thousand Seven Hundred and Ninety nine). The tax effect at the rate of 33.99% of the total quantum will be Rs.92,37,393/ (Rupees Ninety-two lakhs Thirty-seven Thousand Three Hundred and Ninety-three). As the case is covered by the aforestated Circular, we dispose of this Special Leave Petition on that ground. However, the questions of law are left open.
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