In Mait/82/2004 Of Commissioner Of Income Tax,Jabalpur v. M/S Malloolal Gokul Prasad, the High Court (2016) decided the matter.
Decision: Since the monetary limit involved in this appeal pertaining to Assessment Year 1991-92 is only in the sum of Rs.49,863/- (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.
MAIT No.82/2004
20.1.2016
Shri Sanjay Lal, Advocate for the appellant.
Since the monetary limit involved in this appeal pertaining to Assessment Year 1991-92 is only in the sum of Rs.49,863/- (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 questions of law open.
(A.M. Khanwilkar) Chief Justice
Anchal
(Sanjay Yadav) Judge
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