In Principal Commissioner Of Income Tax v. Rajendra Khandelwalindore, Dated 18.10.2019, the High Court (2019) decided the matter.
Decision: The tax effect isonly Rs.28,00,000/-, and therefore, in light of the CBDTcircular dated 11.07.2018, the appeal stands disposed of,however, the question of law left open.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HIGH COURT OF MADHYA PRADESH: BENCH AT INDORE
I.T.A. No.77/2019
Principal Commissioner of Income Tax v/s Rajendra KhandelwalIndore, dated 18.10.2019
Ms. Veena Mandlik, learned counsel for theappellant.
I.A. No.7714/2014 is taken up. The tax effect isonly Rs.28,00,000/-, and therefore, in light of the CBDTcircular dated 11.07.2018, the appeal stands disposed of,however, the question of law left open.
Certified copy, as per rules.
(S.C. SHARMA)
J U D G E
(SHAILENDRA SHUKLA) J U D G E
Ravi
Digitally signed by Ravi Prakash Date: 2019.10.21 12:05:25 +05'30'
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