Dismissed
Commissioner of Income Tax 9 v. M/S Premier Opticals Pvt. Ltd.
Bombay HCITXA/1749/2014
Case brief
AI extract
What is this about?
In Income Tax Appeal No. 1749 of 2014 for AY 2009-10, the appellant relied on CBDT Circular No. 21 of 2015 setting a Rs. 20 lakh monetary limit for High Court appeals. Given the tax effect was Rs. 12.89 lakhs, the appellant did not press the appeal, resulting in its dismissal.
What did the court decide?
The appeal was dismissed as it was not pressed by the Revenue due to the tax effect being below the monetary limit prescribed in Circular No. 21 of 2015.