TMI Blog2016 (8) TMI 1267X X X X Extracts X X X X X X X X Extracts X X X X ..... Officers of the Revenue would not now press pending References before this Court where the tax effect involved is less than ₹ 20 lakhs. Revenue is directed to examine each of the above References and ascertain the tax effect involved in each of them. Thereafter, file an affidavit, indicating the References where the tax effect involved is less than ₹ 20 lakhs. Affidavit should be f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... returned unanswered. Question raised in these References for our opinion are left open for consideration in an appropriate Reference/Proceedings. - Income Tax Reference No. 879, 888, 894 of 1998 - - - Dated:- 5-8-2016 - M. S. Sanklecha And A. K. Menon, JJ. For the Applicant : Suresh Kumar a/w Ms. Samiksha Kanani For the Respondent : Mihir Naniwadekar, Atul Jasani Income Tax Refe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was made applicable to pending References. Therefore, the Officers of the Revenue would not now press pending References before this Court where the tax effect involved is less than ₹ 20 lakhs. 3. Revenue is directed to examine each of the above References and ascertain the tax effect involved in each of them. Thereafter, file an affidavit, indicating the References where the tax effec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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