Tax effect is less than Rs. 1 crore. Appeal is allowed to withdraw, leaving all the questions of law open. Circular No. 3 of 2018 dt. 11-08-2018, (2018) 405 ITR 29 (St.) / amended circular dt. 20-08-2008 (2008) 407 ITR 7 (St) From CIT v Mereena Creations ( 2009) 32 DTR 97 /(2011) 330 ITR 199 (Delhi) (HC) (AY.2001-02).
CIT v. Mereena Creations. (2019) 414 ITR 332 / ( 2020) 312 CTR 471 / 185 DTR 407 (SC)
S. 261 : Appeal-Supreme Court -Monetary limits-Tax effect of Less than of Rs. 1 crore-Appeal is allowed to withdrawn, leaving all the questions of law open. [S. 80HHC]