2019 (12) TMI 1286 - HC - Income Tax

Maintainability of appeal - low tax effect - Monetary limit - HELD THAT - The tax effect is less than one crore and therefore in the light of the Circular dated 8/8/2019 issued by the CBDT fixing the monetary limit the present appeal is dismissed as withdrawn. However the question of law is left open. The appeals are not covered under the Exceptional Clause of the Circular dated 8/8/2019.

Summary

The High Court of Madhya Pradesh dismissed the appeal as the tax effect was less than one crore, following a Circular issued by the CBDT. The question of law remains open, and the appeal is not covered under the Exceptional Clause of the Circular.