Court held that where tax effect by virtue of order passed by Tribunal was below Rs. 50 lakhs in view of mandate issued by CBDT in circular No. 3, dated 11-7-2018, appeal filed by revenue was to be dismissed on ground of low tax effect.
PCIT v. Hotel Leela venture Ltd. (2019) 106 taxmann.com 242/ 264 Taxman 27 (Bom.)(HC)
S. 268A : Appeal–Instructions–Tax effect below Rs. 50 lakhs- Mandate issued by CBDT in circular No. 3, dated 11-7-2018- Binding on revenue-Appeal was dismissed on ground of low tax effect. [S. 260A]