Principal Commissioner of Income-tax v. Rama Devi Gupta
[Citation -2019-LL-0917-38]

Citation 2019-LL-0917-38
Appellant Name Principal Commissioner of Income-tax
Respondent Name Rama Devi Gupta
Relevant Act Wealth-tax
Date of Order 17/09/2019
Judgment View Judgment
Keyword Tags monetary limit • low tax effect

1 HIGH COURT OF MADHYA PRADESH, BENCH AT INDORE WTA NO.01 OF 2017 (Principal Commissioner of Income Tax vs Smt. Rama Devi Gupta) Indore, Dated 17.09.2019 Ms. Veena Mandlik, learned counsel for appellant. Mr. Ashish Goyal, learned counsel for respondent. present appeal has been filed under Section 27- of Wealth Tax Act, 1957. circular issued by Central Board of Direct Taxes (CBDT) dated 11.07.2018 provides for monetary limit of Rs.50.00 lakhs. Now it has been enhanced to Rs.1.00 crore vide circular No.17 of 2019. circular No.5 of 2019 dated 05.02.2019 makes it very clear that CBDT circular dated 11.07.2018 is applicable in cases arising of Wealth Tax Act, 1957 also. In present case, amount involved is Rs.28.00 lakhs and, therefore, in light of aforesaid circulars, appeal is dismissed. Certified copy as per Rules. (S.C. SHARMA) (SHAILENDRA SHUKLA) JUDGE JUDGE Arun/- Digitally signed by ARUN NAIR Date: 2019.09.17 17:35:33 +05'30' Principal Commissioner of Income-tax v. Rama Devi Gupta
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