2020 (2) TMI 1656 - SCH - Income Tax

Maintainability of appeal before Supreme court - low tax effect - HELD THAT - Perused the office report dated 26.02.2020, according to which in following matters the tax effect is less than Rs.Two Crores.In view of CBDT Circular dated 8.8.2019, we see no reason to interfere in aforesaid appeals, which are accordingly dismissed. No costs.

Summary

Issues:
1. Dismissal of appeals with tax effect less than Rs. Two Crores
2. Appeals related to Direct Tax Dispute Resolution Scheme, 2016

Issue 1: Dismissal of appeals with tax effect less than Rs. Two Crores
The Supreme Court, perusing the office report, dismissed several Civil Appeals where the tax effect was less than Rs. Two Crores. The appeals included various cases such as C.A Nos. 1259/2016, 1276/2016, 1290/2016, and others. The dismissal was based on the CBDT Circular dated 8.8.2019, with the court finding no reason to interfere in these matters. The judgment stated that the appeals were accordingly dismissed, and no costs were imposed.

Issue 2: Appeals related to Direct Tax Dispute Resolution Scheme, 2016
In specific cases like Civil Appeal Nos. 1373/2016, 1376/2016, 1289/2016, and others, it was noted that the concerned assesses had availed the benefit of the Direct Tax Dispute Resolution Scheme, 2016. Consequently, these Civil Appeals were required to be withdrawn. The Department had communicated this to the Supreme Court Registry. The judgment directed these appeals to be placed with the Department's intimation on the next hearing date, with prior notice to the other party. Additionally, other matters were scheduled for final disposal on 6.3.2020, while the Registry was instructed to review all cases and prepare an office report detailing the tax effect for each matter.