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Gujarat HC Disposes Revenue Appeal as Tax Effect Was Below CBDT Monetary Limit
Case Law Details
- Case Name
- PCIT Vs Saumya Construction Pvt. Ltd. (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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PCIT Vs Saumya Construction Pvt. Ltd. (Gujarat High Court)
The Gujarat High Court considered a tax appeal that had been listed for appropriate orders because of its low tax effect. The appeal was required to be examined in light of CBDT Circular No. 17/2019 dated 8 August 2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.
The Revenue did not press the appeal in view of the low tax effect and the monetary limits prescribed under the Circular. The Court noted that the revised policy prescribed monetary limits of ₹50 lakh for appea...
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