2018 (11) TMI 881 - SCH - Income Tax

Exemption as granted u/s 10(19A) - the legal heirs of the original Ruler are no longer Ruler - contention emphasised was palace not Ruler - Held that -Since the tax effect is below the prescribed limited as per the Circular issued by the Central Board of Direct Taxes, we are not inclined to interfere with the impugned order and more so when it does not involve any substantial question of law also. The special leave petition is, accordingly, dismissed.

Summary

The Supreme Court dismissed the special leave petition as the tax effect was below the prescribed limit set by the Central Board of Direct Taxes, and there was no substantial question of law involved.