Disposed
Commissioner of Income Tax - Tds -2, Mumbai v. Ogilvy and Mather Pvt. Ltd.
Bombay HCITXA/1030/2016
Case brief
AI extract
What is this about?
The High Court Bench disposed of the Income Tax Appeal on the ground that the appeal value was below the Rs. 2 Crores limit specified in a CBDT Circular dated September 17, 2024. Liberty was granted to revive the appeal if the tax effect exceeded this limit.
What did the court decide?
Appeal disposed of with liberty to revive if tax effect exceeds Rs. 2 Crores under CBDT Circular dated September 17, 2024.