2025 (2) TMI 58

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..... dition on the basis of the report of Inquiry Commission of Justice M.B. Shah Revenue points out the SLP [2020 (12) TMI 1403 - SC ORDER (LB)] was dismissed on the ground of low tax effect. But the contention is that the present should be treated as an exception under the relevant Circular issued by the Ministry of Finance. It is also contended that the issue here is the threshold limit for proceed .....

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..... s out the SLP (SLP(C) No.12639/2020) was dismissed on the ground of low tax effect. But the contention is that the present should be treated as an exception under the relevant Circular issued by the Ministry of Finance. It is also contended that the issue here is the threshold limit for proceeding under Section 147 of the Income Tax Act but this is only the trigger point for initiating necessary p .....

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