Principal Commissioner of Income-tax-3 v. Rainbow Papers Limited
[Citation -2020-LL-0127-19]
Citation | 2020-LL-0127-19 |
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Appellant Name | Principal Commissioner of Income-tax-3 |
Respondent Name | Rainbow Papers Limited |
Court | HIGH COURT OF GUJARAT AT AHMEDABAD |
Relevant Act | Income-tax |
Date of Order | 27/01/2020 |
Judgment | View Judgment |
Keyword Tags | low tax effect • monetary limit |
Bot Summary: | The captioned Appeal has been notified because of the low tax effect. The Appeal is 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 of Direct Taxes, New Delhi. This Tax Appeal is 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 of Direct Taxes, New Delhi. Page 1 of 2 Downloaded on : Wed Jan 29 09:59:05 IST 2020 C/TAXAP/941/2018 ORDER 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 No. matters Limits 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 In view of the aforesaid, the Appeal is disposed of accordingly. In case of any difficulty, we reserve the liberty for the Revenue to revive the Tax Appeal. |