2011 (11) TMI 402 - HC - Income Tax

Net tax effect which is the subject matter of appeal is below Rs. 10,00,000 Held that - In view of Instruction No. 3/2011 which prohibits filing of an appeal to the High Court, where the tax effect is less than Rs. 10,00,000 - Instruction No. 3/2011 issued on 9.2.2011 is applicable to pending proceedings also, this appeal preferred by the Revenue is not maintainable.

Summary

The High Court of Karnataka dismissed an appeal by the Revenue challenging a Tribunal order due to the net tax effect being below Rs. 10,00,000, which is not maintainable as per Instruction No. 3/2011.