Pr. Commissioner of Income-tax, Kota v. Prem Jain Ispat Udhyog Pvt. Ltd
[Citation -2019-LL-1001-98]
Citation | 2019-LL-1001-98 |
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Appellant Name | Pr. Commissioner of Income-tax, Kota |
Respondent Name | Prem Jain Ispat Udhyog Pvt. Ltd. |
Court | HIGH COURT OF RAJASTHAN |
Relevant Act | Income-tax |
Date of Order | 01/10/2019 |
Judgment | View Judgment |
Keyword Tags | monetary limit • low tax effect |
Bot Summary: | HON'BLE THE ACTING CHIEF JUSTICE HON'BLE MR. JUSTICE NARENDRA SINGH DHADDHA Order 01/10/2019 Learned counsel for the appellant has placed before this Court a copy of the instructions dated 08 th August, 2019, issued in furtherance of the Circular No.3 of 2018 dated 11.07.2018 of the Central Board of Direct Taxes and its amendment dated 20th August, 2018 vide which monetary limits for filing of income tax appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before the Supreme Court have been specified. Para 2 of the instructions dated 8th August, 2019, mentions that as a step towards further management of litigation, it has been decided by the Board that monetary limits for filing of appeals in income-tax cases be enhanced further through amendment in Para 3 of the Circular mentioned above and accordingly, the table for monetary limits specified in Para 3 of the Circular shall read as follows:- ITA-15/2018 S.No. Before Supreme Court 2,00,00,000 Learned counsel for the appellant submits that the monetary limit in this appeal is less than the prescribed amount. In view of above, present appeal is dismissed in the light of aforesaid instruction. |