Where tax effect was less than Rs. 1 crore, in view of Circular No 17 /2019 dt 8-8 2019 revenue’s appeal filed before High Court was to be dismissed on ground of low tax effect. (AY. 2008-09) (AY. 2010-11)
CIT v. Shriram Properties (P) Ltd. (2020) 269 Taxman 313 (Mad.)(HC) PCIT v. Mangal Tirth Estates Ltd. (2020) 269 Taxman 80 (Mad.)(HC)
S. 268A : Appeal-Monitory tax effect less than of Rs. 1 crore-Appeal dismissed. [S. 260A]