TMI Blog2020 (4) TMI 188X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 68 of the I.T.Act. 3. At the outset, ld A.R. of the assessee submitted that the tax effect in this appeal is below ₹ 50 lakhs and, therefore, in view of CBDT Circular No.17/2019 dated 8th August, 2019, the same is not maintainable and should be dismissed. 4. We find that CBDT vide circular No.17/2019 in F.No.279/Misc.142/2007- ITJ(Pt) dated 8th August, 2019, has further liberalized i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 3/2018 (subsequent amendment thereto), and all it does is to replace paragraph nos. 3 and 5 of the said circular. 8. 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 reported in 2019(8)TMI 811(SC) has also applied the Circular No.17/2019 dated 08.08.2019 and has dismissed the appeal holding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... liberty to point out the case which is wrongly included in the appeal so summarily dismissed, either owing to wrong computation of tax effect or owning to such cases being covered by the permissible exceptions or for any other reason, and we will take appropriate remedial steps in this regard. 11. In the circumstances, respectfully following the principles laid down by the Hon ble Supreme Cour ..... X X X X Extracts X X X X X X X X Extracts X X X X
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