In Mait/4/2007 Of Commissioner Of Income Tax Bhopal v. Vindhya Saya Ltd, the High Court (2016) decided the matter.
Decision: Since the monetary limit involved in this appealpertaining to Assessment Year 1997-98 is only in the sumof Rs.3,80,446/- (which is less than 20,00,000/-), in viewof the Circular dated 10[th] December, 2015, issued underthe signature of Commissioner of Income Tax (AJ),C.B.D.T., Government of India, N...
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
MAIT No.4/2007
21.1.2016
Shri Sanjay Lal, Advocate for the appellant.
Since the monetary limit involved in this appealpertaining to Assessment Year 1997-98 is only in the sumof Rs.3,80,446/- (which is less than 20,00,000/-), in viewof the Circular dated 10[th] December, 2015, issued underthe signature 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.
(A.M. Khanwilkar) Chief Justice Chief Justice
psm
(Sanjay Yadav) Judge
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