Principal Commissioner Of Income Tax v. Shri Satish Jain--- 1 ---Indore, Dated : 20/09/2019
High Court
20 Sep 2019 In favour of: Assessee
Forum / Bench
High Court · mphc_db_ind
Parties
Principal Commissioner Of Income Tax v. Shri Satish Jain--- 1 ---Indore, Dated : 20/09/2019
Date of order
20 Sep 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Principal Commissioner Of Income Tax v. Shri Satish Jain--- 1 ---Indore, Dated : 20/09/2019, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HIGH COURT OF MADHYA PRADESH, BENCH AT INDORE
R P No. 952 / 2018
PRINCIPAL COMMISSIONER OF INCOME TAX VS. SHRI SATISH JAIN--- 1 ---INDORE, Dated : 20/09/2019
Parties through their counsel.
Learned counsel for the respondent has straightwaydrawn attention of this Court towards Circular dated20/4/2019 passed by the Central Board of Direct Taxes.Paragraph 3 of the aforesaid Circular reads as under :
3.Therefore, it is clear that the revisedmonetary limits so mentioned in circular 17/2019is applicable, to all pending SLPs / appeals /cross objections / references. All such pendingappeals within the revised limits shall bewithdrawn on or before 31/10/2019 and afortnightly report as to progress on withdrawalsshould be submitted to Board, by 15[th] and 31[st] ofevery month.
In the light of the aforesaid circular, as the monetarylimit is less than Rs.1.00 crore, the present review petition isdismissed.
Ms. Veena Mandlik, learned standing counsel for theIncome Tax Department is also directed to furnish a list ofall such cases where the monetary limit is less than Rs.1.00crore. The aforesaid exercise be done positively within tendays.
KR
(S. C. SHARMA)
Digitally signed by Kamal Rathor
Date: 2019.09.20 14:36:42 +05'30'
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