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of <h1>High Court dismisses Income Tax appeals due to low tax impact, stresses adherence to Circular guidelines.</h1> <h3>Commissioner of Income Tax Versus H.P. Bus Stand Management & Development Authority</h3> Commissioner of Income Tax Versus H.P. Bus Stand Management & Development Authority - TMI Issues involved:1. Circular No. 21/2015 issued by the Government of India regarding tax effect threshold for filing appeals in High Court.Analysis:The judgment delivered by the High Court of Himachal Pradesh pertains to the implementation of Circular No. 21/2015 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes. The Circular mandates that appeals filed in the High Court by the Income Tax Department must specifically mention when the tax effect exceeds Rs. 20,00,000, except in certain exceptional circumstances. These exceptions include cases challenging the constitutional validity of provisions, instances where Board orders are deemed illegal, cases where Revenue Audit objections are accepted, or matters related to undisclosed foreign assets or bank accounts.The Court noted that the total tax effect in the appeals under consideration was less than Rs. 20,00,000 and did not fall within any of the exceptional categories outlined in the Circular. Consequently, the appeals were disposed of, and any pending applications were also resolved accordingly. This judgment underscores the importance of adhering to the prescribed tax effect threshold when filing appeals in the High Court, as outlined in the Circular issued by the Government of India. The Court's decision serves as a reminder for strict compliance with the Circular's provisions to ensure consistency and efficiency in the judicial process related to tax matters.
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