2018 (9) TMI 1894 - HC - Income Tax

Monetary limit - HELD THAT - Tax effect involved in this appeal is below Rs. 50, 00, 000/- and hence in terms of circular No.3/2018 dated 11.7.2018 the appeal may be disposed of without examining/deciding the issue/question raised. Recording the aforesaid the appeal is disposed of without examining the issue/question raised. We also clarify that the issue/question is left open. All the pending applications are also disposed of as infructuous.

Summary

The Delhi High Court disposed of the appeal as the tax effect was below Rs. 50,00,000, as per circular No.3/2018 dated 11.7.2018. The issue/question raised was not examined or decided, and all pending applications were also disposed of as infructuous.