2019 (10) TMI 1273 - HC - Income Tax

Monetary limit for maintainability of appeal - Low tax effect - HELD THAT - The tax effect involved in all these appeals is less than the threshold limit of ₹ 1.00 crore as provided in the Circular No. 17 of 2019 dated 8 August 2019 issued by the Central Board for Direct Taxes (CBDT). Accordingly, on the last date, these appeals were listed under the caption of withdrawal. On the last date, since none appeared for the Appellants, these appeals were adjourned to today for dismissal. Today, learned counsel appearing for the Appellants state that they have no instructions. These appeals are disposed of in terms of the above Circular dated 8 August 2019. Refund of Court fees as per Rules.

Summary

The Bombay High Court disposed of appeals due to tax effect being less than Rs. 1.00 crore as per CBDT Circular No. 17 of 2019. Appeals listed for withdrawal as no appearance by appellants. Appeals adjourned for dismissal as no instructions received. Refund of court fees granted. Parties can move court for order recall if appeals not covered by CBDT Circular.