In Ita/75/2006 Of Asst. Comm. Income Tax v. Shri Khem Chand Chandwani, the High Court (2016) decided the matter.
Decision: 20,00,000/-, in view of theCircular dated 10[th] December, 2015, issued under thesignature of Commissioner of Income Tax (AJ),C.B.D.T., Government of India, New Delhi, which isplaced on record, this appeal is disposed of leavingquestions of law open.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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I. T. A. No. 75 of 2006
03/02/2016
Shri R.L. Jain, learned Senior Counsel with Ms.Veena Mandlik, Advocate for the appellant.
Shri Sumit Nema, learned Counsel for therespondent.
Since the monetary limit involved in this appealpertaining to Block Assessment period 1990-91 to4.1.2000 is less than Rs. 20,00,000/-, in view of theCircular dated 10[th] December, 2015, issued under thesignature of Commissioner of Income Tax (AJ),C.B.D.T., Government of India, New Delhi, which isplaced on record, this appeal is disposed of leavingquestions of law open.
(P. K. Jaiswal)
(J. K. Jain) Judge
Judge
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