The Principal Commissioner of Income Tax (Central), v. M/S Bhivaram Panna Lal Kumawat
Case brief
What is this about?
The High Court of Rajasthan dismissed this appeal because the appellant sought to withdraw it, citing a CBDT circular regarding tax effects below Rupees Two Crores. The substantial question of law remains open.
What did the court decide?
The appeal was dismissed as withdrawn. The case remains open for revival under the department's liberty.