2019 (8) TMI 1445

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..... n terms of Circular No.17/2019, dated 08.08.2019 issued by the Central Board of Direct Taxes - Held that:- The above tax case appeal is dismissed on account of the low tax effect. The substantial questions of law framed are left open. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the .....

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..... l was right in holding that the order of the Commissioner of Income Tax under Section 263 is in error, in which the Commissioner has set aside the order of the assessing officer and directed the assessing officer to compute capital gains, arising out of the lease agreement dated 01.06.2005 executed by the assessee, in accordance with law? (ii) Whether under facts and circumstances of the case, .....

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..... TR 417 (SC); CIT vs. C F Thomas 284 ITR 557 (Ker); and CIT vs. Sujatha Jeweller 290 ITR 631 (Mad) relied on by the Revenue are distinguishable on facts?" 3.Heard Mr.M.Swaminathan, learned Senior Standing Counsel assisted by Ms.V.Pushpa, learned Junior Standing Counsel for the appellant and Ms.Sree Lakshmi Valli, learned counsel for Mr.G.Baskar, learned counsel for the respondent. 4.The learned .....

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