Case Law Details
CIT Vs Shri R. Rajinikanth (Madras High Court)
In this case When the matters are taken up for hearing, learned Junior Standing Counsel brought to our notice the Circular instruction issued by the Central Board of Direct Taxes vide Circular No. 17/2019 dated 8th August 2019, wherein, it is stipulated that appeals shall not be filed/pursued by the Department before the High Court in cases where the tax effect does not exceed Rs.1,00,00,000/- (Rupees One Crore).
In the instant cases, the tax effect is said to be less than the monetary limit imposed and therefore, the Appeals filed by the Revenue are dismissed, as withdrawn, keeping open the substantial questions of law for determination in appropriate cases.
FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT
These Tax Case Appeals have been filed by the Revenue, calling in question the correctness of the order passed by the Income Tax Appellate Tribunal, ‘D’ Bench, Chennai, dated 26.7.2013 made in ITA Nos.64, 65 and 66/Mds/2012, for the Assessment Years 2002-2003, 2003-2004 and 2004-2005, by raising the following substantial questions of law:
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