In Mait/78/2003 Of Commissioner Of Income Tax,Jbp v. Surendr K.madan, the High Court (2016) decided the matter.
Decision: Since the monetary limit involved in this appeal pertaining to Assessment Year 1995-96 is only in the sum of Rs.37,640/- (which is less than 20,00,000/-), in view of the Circular dated 10[th] December, 2015, issued under the signature of Commissioner of Income Tax (AJ), C.B.D.T., Government of India...
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
AM
MAIT No.78/2003
18.01.2016
Shri Sanjay Lal, Advocate for the appellant.
Since the monetary limit involved in this appeal pertaining to Assessment Year 1995-96 is only in the sum of Rs.37,640/- (which is less than 20,00,000/-), in view of the Circular dated 10[th] December, 2015, issued under the signature of Commissioner of Income Tax (AJ), C.B.D.T., Government of India, New Delhi, which is placed on record, this appeal is disposed of leaving question of law open.
(A.M. Khanwilkar) Chief Justice
(Sanjay Yadav) Judge
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue