In Shri v. P. K. Jaiswal)Judge, the High Court (2016) decided the matter.
Decision: 20,00,000/-, in view of the Circular dated 10[th]December, 2015, issued under the signature ofCommissioner of Income Tax (AJ), C.B.D.T.,Government of India, New Delhi, which is placed onrecord, this appeal is disposed of leaving questions oflaw open.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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I. T. A. No. 433 of 2007
03/02/2016
Shri R.L. Jain, learned Senior Counsel with Ms.Veena Mandlik, Advocate for the appellant.
Shri V. K. Jain, learned Counsel for therespondent.
Since the monetary limit involved in this appealpertaining to Assessment period 1997-98 is less thanRs. 20,00,000/-, in view of the Circular dated 10[th]December, 2015, issued under the signature ofCommissioner of Income Tax (AJ), C.B.D.T.,Government of India, New Delhi, which is placed onrecord, this appeal is disposed of leaving questions oflaw open.
(P. K. Jaiswal)Judge
(J. K. Jain) Judge
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