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SC dismisses appeal on the ground of low tax effect
Case Law Details
- Case Name
- CIT Vs Swapnil Finance Pvt. Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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CIT Vs Swapnil Finance Pvt. Ltd. (Supreme Court of India)
It is reported by learned counsel appearing for the respective parties that tax effect in both the appeals for the relevant Assessment Years – 1995-96 and 1996-97 would be less than Rs. 2 Crores which is the monetary limit to prefer an appeal before this Court (Supreme Court), as per Circular F.No.390/Misc/115/2017-IC dated 22.08.2019 issued by the Central Board of Indirect Taxes & Customs.
In that view of the matter and on the ground of low tax effect only, the present Appeals stand disposed of.
However, question of law is ke...
