This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
CBDT Monetary Limit Exception Held Prospective; Low Tax Effect Appeals Disposed: Bombay HC
Case Law Details
- Case Name
- PCIT Vs Axis AD Print Media (India) Ltd. (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
PCIT Vs Axis AD Print Media (India) Ltd. (Bombay High Court)
The Bombay High Court considered four income tax appeals in which the assessees contended that the tax effect in each appeal was below ₹50,00,000 and that the appeals, having been instituted before 28 August 2018, were liable to be dismissed in view of CBDT Circular No. 21 of 2015 dated 10 December 2015 and CBDT Circular No. 3 of 2018 dated 11 July 2018. The Revenue opposed the contention, submitting that when the appeals were filed, the applicable monetary limit under Circular No. 21 of 2015 was ₹20,00,000 and t...
Author Info
