Principal Commissioner of Income-tax v. Satish Jain - 2019-LL-0920-22

Citation	2019-LL-0920-22
Appellant Name	Principal Commissioner of Income-tax
Respondent Name	Satish Jain
Court	HIGH COURT OF MADHYA PRADESH AT INDORE
Relevant Act	Income-tax
Date of Order	20/09/2019
Judgment	View Judgment
Keyword Tags	revised monetary limits • low tax effect
Bot Summary:	Learned counsel for the respondent has straightway drawn attention of this Court towards Circular dated 20/4/2019 passed by the Central Board of Direct Taxes. Paragraph 3 of the aforesaid Circular reads as under : 3. It is clear that the revised monetary limits so mentioned in circular 17/2019 is applicable, to all pending SLPs / appeals / cross objections / references. All such pending appeals within the revised limits shall be withdrawn on or before 31/10/2019 and a fortnightly report as to progress on withdrawals should be submitted to Board, by 15 th and 31st of every month. In the light of the aforesaid circular, as the monetary limit is less than Rs.1.00 crore, the present review petition is dismissed. Ms. Veena Mandlik, learned standing counsel for the Income Tax Department is also directed to furnish a list of all such cases where the monetary limit is less than Rs.1.00 crore. The aforesaid exercise be done positively within ten days.

HIGH COURT OF MADHYA PRADESH, BENCH AT INDORE R P No. 952/2018 PRINCIPAL COMMISSIONER OF INCOME TAX VS. SHRI SATISH JAIN --- 1 --- INDORE, Dated : 20/09/2019 Parties through their counsel. Learned counsel for respondent has straightway drawn attention of this Court towards Circular dated 20/4/2019 passed by Central Board of Direct Taxes. Paragraph 3 of aforesaid Circular reads as under : 3. Therefore, it is clear that revised monetary limits so mentioned in circular 17/2019 is applicable, to all pending SLPs / appeals / cross objections / references. All such pending appeals within revised limits shall be withdrawn on or before 31/10/2019 and fortnightly report as to progress on withdrawals should be submitted to Board, by 15 th and 31st of every month. In light of aforesaid circular, as monetary limit is less than Rs.1.00 crore, present review petition is dismissed. Ms. Veena Mandlik, learned standing counsel for Income Tax Department is also directed to furnish list of all such cases where monetary limit is less than Rs.1.00 crore. aforesaid exercise be done positively within ten days. (S. C. SHARMA) (S. K. AWASTHI) JUDGE JUDGE KR Digitally signed by Kamal Rathor Date: 2019.09.20 Principal Commissioner of Income-tax v. Satish Jain

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