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Income Tax - Highlights / Catch Notes

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The policy of non filing and of not pressing and/or withdrawing ...


Tax Appeals Under Rs. 20 Lakhs: Retrospective Policy Applies to Pending References, Per Circular Dated December 10, 2015.

May 4, 2016

Case Laws     Income Tax     HC

The policy of non filing and of not pressing and/or withdrawing admitted appeals having tax effect of less than ₹ 20 lacs has been specifically declared to be retrospective by the Circular dated 10th December, 2015. There is no reason why the circular should not apply to pending References - HC

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