The appeal to the Supreme Court from the judgment in Chirakkal Service Co-operative Bank Ltd. v. CIT [2016] 384 ITR 490 (Ker) has been dismissed in view of Circular No. 3 of 2018 dated July 11, 2018 ([2018] 405 ITR (St.) 29) of the Central Board of Direct Taxes since the tax effect was less than Rs. 1 crore does not mean that the judgment of the High Court has merged with the order of the apex court in that civil appeal. (AY. 2007 -08 to 2010-11 2012-2013)
CIT v. Poonjar Service Co-Operative Bank Ltd. (2019) 414 ITR 67 (FB) (Ker.) (HC)/Mavilayi Service Co -Operative Bank Ltd v. CIT ( 2019) 309 CTR 121 / 179 DTR 65( FB) (Ker) (HC) PCIT v. Vazhappally Service Co -Operative Bank Ltd ( 2019) 309 CTR 121 /179 DTR 65( FB) (Ker) (HC)
Precedent—Appeal–Merger–Dismissal of appeal on ground of low tax effect-High Court order does not merge in order of Supreme Court.