2019 (8) TMI 863 - HC - Income Tax

Monetary limit - low tax effect - HELD THAT - The tax effect being below the stipulated monetary limit in terms of the CBDT Circular No. 17 of 2019, F. No. 2791 Misc. 142/2007-ITJ (Pt.) passed by the Government of India, Ministry of Finance dated 8th August, 2019, the appeal is treated as not pressed and is disposed of as such.

Summary

The Delhi High Court judgment in 2019 (8) TMI 863 involved an appeal by the Revenue against an ITAT order for the AY 2005-06. The appeal was disposed of as the tax effect was below the stipulated monetary limit according to CBDT Circular No. 17 of 2019.