Commissioner of Income-tax, Del v. Madan Mohan Lal Shriram P
[Citation -2020-LL-0708]
| Citation | 2020-LL-0708 |
|---|---|
| Appellant Name | Commissioner of Income-tax, Del |
| Respondent Name | Madan Mohan Lal Shriram P. |
| Court | HIGH COURT OF DELHI AT NEW DELHI |
| Relevant Act | Income-tax |
| Date of Order | 08/07/2020 |
| Judgment | View Judgment |
| Keyword Tags | tax effect |
| Bot Summary: | Learned senior standing counsel for the appellant draws this Court s attention to the impugned order of Commissioner of Income Tax wherein it is stated that the tax effect involved in the present appeal is Rs. 77,16,354/-. He contends that the tax effect in the present appeal is lower than the threshold limit of Rupees One Crore prescribed in Circular no. Since the tax effect involved in the present case is lower than the threshold limit of Rupees One Crore prescribed in Circular no. 03/2018 and its amendments dated 20th August, 2018 issued by the Central Board of Direct Taxes, the present appeal is dismissed on account of low tax effect. Copy of the order be also forwarded to the learned counsel through e-mail. |