2018 (11) TMI 1601 - HC - Income Tax

Maintainability of appeal - monetary limit - HELD THAT - Tax effect in this appeal is less than Rs. 50 lakhs as provided in CBDT Circular No.3 of 2018 dated 11th July 2018. Therefore this Appeal is dismissed as not pressed.

Summary

The Bombay High Court dismissed an appeal under Section 260A of the Income Tax Act as the tax effect was less than Rs. 50 lakhs, per CBDT Circular No.3 of 2018. The appeal was not pressed by the Revenue, and court fees refundable as per rules.