2017 (7) TMI 1156 - HC - Income Tax

Monetary limit - maintainability of appeal - Held that - As learned Counsel for the appellant submits that the tax effect involved in the present appeals are less than 20 lakhs and as per the CBDT Circular No.21 of 2015 dated 10th December 2015 the department has taken a policy decision not to prosecute the appeals wherein the tax effect is less than 20 lakhs. Appeals stand disposed of.

Summary

The High Court of Bombay disposed of appeals for Assessment Years 1993-94 to 1996-97 as tax effect was less than Rs. 20 lakhs, following a policy decision by the department. The Tribunal's impugned order was considered in light of this decision.