2021 (8) TMI 1300 - SCH - Income Tax

Maintainability of appeal - low tax effect - Special Order directed filing of appeal on merit, in cases involving organized Tax Evasion Activity - HELD THAT - Since the tax effect involved in this matter is Rs.66,89,957/-, in terms of Circular dated 08.08.2019 issued by the Department of Revenue, Central Board of Direct Taxes, Ministry of Finance, Government of India, we see no reason to interfere in this matter. The Special Leave Petition is dismissed, leaving all the questions of law open.

Summary

The Supreme Court dismissed the Special Leave Petition due to a tax effect of Rs.66,89,957, as per a circular issued by the Department of Revenue. All questions of law remain open.