The State of Tamil Nadu v. Tvl. Hindustan Lever Ltd.
Case brief
What is this about?
The Revenue withdrew an income tax appeal against the Tribunal's decision due to low tax effect under CBDT Circular No.3 of 2018. The substantial questions of law were left open, with liberty to restore the appeal if the tax effect exceeds the threshold.
What did the court decide?
Substantial questions of law left open; liberty granted to restore appeal if tax effect exceeds circular threshold.