2024 (2) TMI 610

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..... omputation of tax effect - HELD THAT:- As Circular dated 8th August, 2019 issued the Director (ITJ), CBDT, New Delhi, a copy of which is placed on record. As per the Circular, the tax effect limit (monetary limit) for filing appeals/SLPs in income-tax matters before the Supreme Court is fixed at Rs.2,00,00,000 (Rupees Two Crores). In the present case total quantum involved is Rs.2,71,76,799/- ( .....

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..... made the following. On the last date, the learned counsel appearing for the respondent has placed on record a computation of tax effect. The total quantum involved is Rs.2,71,76,799/- (Rupees Two Crores Seventy-one Lakhs Seventy-six Thousand Seven Hundred and Ninetynine). The tax effect at the rate of 33.99% of the total quantum will be Rs.92,37,393/ (Rupees Ninety-two lakhs Thirty-seven Thous .....

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