TMI Blog2024 (4) TMI 98X X X X Extracts X X X X X X X X Extracts X X X X ..... ns on the issue of low tax effect' - threshold limit for filing the appeal under Interest Tax Act - HELD THAT:- Clause 5 of the Circular instruction dated 27.03.2000 though primarily applicable to cases under the Income Tax Act expressly mentions by way of example, wealth tax, gift tax and estate duty and insofar as the taxes which are not mentioned, use of the word etc. is significant. This i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AOR Mr. Nalin Kohli, Adv. Mr. Saransh Kumar, Adv. Mr. Prashant Rawat, Adv. Mr. Navanjay Mahapatra, Adv. Ms. Pratima Singh, Adv. Mrs. Anil Katiyar, AOR For the Respondent : Mr. R. Sivaraman, Adv. Mr. Ravi Raghunath, AOR Mr. Utkarsh Kumar, Adv. ORDER UPON hearing the counsel the Court made the following. We have heard learned senior counsel for the petitioner(s) and learned counsel for the responden ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t owing to low tax effect . Per contra, learned senior counsel appearing for the appellant(s) referred to the very same Circulars to contend that the Department, being aware of the fact that the Wealth Tax Act was repealed had expressly issued another Circular in 2016 omitting Wealth Tax Act from the application of the aforesaid Circular; that such a step has not been taken by the Department insof ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clause though primarily applicable to cases under the Income Tax Act expressly mentions by way of example, wealth tax, gift tax and estate duty and insofar as the taxes which are not mentioned, use of the word etc. is significant. This implies that Circular instruction has mentioned only a few of the direct taxes which would be coming within the scope and ambit of the said Circular but insofar as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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