Commissioner of Income-tax-I v. Aakar Leasing & Financial Services Ltd
[Citation -2019-LL-0909-180]
| Citation | 2019-LL-0909-180 |
|---|---|
| Appellant Name | Commissioner of Income-tax-I |
| Respondent Name | Aakar Leasing & Financial Services Ltd. |
| 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: | The Registry has notified all the captioned tax appeals for the purpose of passing appropriate orders. All the captioned appeals have been notified because of the low tax effect. These appeals are to be disposed of keeping in mind 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. All the captioned tax appeals are not pressed 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 matters Monetary Limit No. 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 4. In view of the aforesaid, all the appeals are disposed of accordingly. In case of any difficulty, we reserve the liberty for the Revenue to revive the tax appeal. |