Karnataka HC Allows Revival of Tax Appeal Despite Low Effect

PCIT Vs Stanley Black & Decker India Ltd (Karnataka High Court) In the case of PCIT vs. Stanley Black & Decker India Ltd, the Karnataka High Court addressed an appeal involving a tax effect of less than ₹1 crore. The assessee argued that the appeal should not be entertained based on Circular No. 17/2019 issued by the Central Board of Direct Taxes, which limits appeals with a low tax impact. However, the revenue’s counsel requested the opportunity to revive the appeal if it fell within the exceptions specified in the circular. The court disposed of the appeal while granting the ...