Binding precedent and low tax effect threshold led to disposal of both appeals.

The appeals were treated as covered by the earlier binding decision in Secunderabad Club, and the Revenue's appeal was also found to fall within the low tax effect threshold under Circular No. 17 of 2019 dated 08.08.2019. On that basis, both appeals were disposed of without further adjudication.

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Issues: Whether the appeals were liable to be disposed of in terms of the earlier binding decision and whether the Revenue's appeal was barred by the low tax effect circular.

Analysis: The issue was stated to be covered by the earlier judgment in Secunderabad Club v. Commissioner of Income-tax. It was also noted that the Revenue's appeal was covered by the low tax effect threshold under Circular No. 17 of 2019 dated 08.08.2019.

Outcome: Both appeals were disposed of.

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