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of <h1>Dismissal of Appeal for Low Tax Effect; Questions of Law Kept for Future Review</h1> <h3>Commissioner Versus SRC Projects Ltd.</h3> The High Court of Madras dismissed an appeal as the tax effect was below Rs. 20 lakhs. The appellant's counsel did not press the appeal, but the questions ... Amount involved in appeal - the decision in the case of Commissioner of Central Excise, Salem Versus SRC Projects Ltd. [2010 (6) TMI 158 - CESTAT, CHENNAI] contested - Held that: - It is now decided that an appeal shall not be filed in case where tax effect does not exceed ₹ 20 lakhs. In the instant case, tax effect is less than the limit of ₹ 20 lakhs prescribed in the said circular and hence, this appeal is not pressed rightly by the learned counsel appearing for the appellant - the appeal stands dismissed as not pressed. The High Court of Madras dismissed an appeal due to the tax effect being less than Rs. 20 lakhs, as per Circular No. 21/2015. The appeal was not pressed by the appellant's counsel, but the questions of law raised were preserved for future consideration. No costs were awarded, and the connected miscellaneous petition was closed.
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