Appeal Dismissed Under Income Tax Act for Tax Effect Less Than Rs. 50 Lakhs

The Bombay HC dismissed the appeal under Section 260A of the Income Tax Act due to the tax effect being less than Rs. 50 lakhs, as per CBDT Circular No.3 of 2018. The Revenue did not pursue the appeal, and court fees are refundable according to rules.

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The Bombay High Court dismissed an appeal under Section 260A of the Income Tax Act as the tax effect was less than Rs. 50 lakhs, per CBDT Circular No.3 of 2018. The appeal was not pressed by the Revenue, and court fees refundable as per rules.

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