The Principal Commissioner of Income-tax-2 v. GMM Pfaudler Limited
[Citation -2019-LL-0909-122]
| Citation | 2019-LL-0909-122 |
|---|---|
| Appellant Name | The Principal Commissioner of Income-tax-2 |
| Respondent Name | GMM Pfaudler Limited |
| Court | HIGH COURT OF GUJARAT AT AHMEDABAD |
| Relevant Act | Income-tax |
| Date of Order | 09/09/2019 |
| Judgment | View Judgment |
| Keyword Tags | low tax effect • monetary limit |
| Bot Summary: | This Tax Appeal under Section 260A of the Income Tax Act, 1961 is at the instance of the Revenue. This Tax Appeal is not pressed by the learned counsel for the revenue in view of the low tax effect having regard to the Circular No.17/2019, dated 8th August, 2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, New Delhi. According to the new policy as reflected from the Circular referred to above, the table for monetary limits is as follows : Sr. Appeals/SLPs in Income-tax Monetary Limit No. matters 1 Before Appellate Tribunal 0,50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 4.00. In view of the aforesaid, this Tax Appeal is disposed of as not pressed. |