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<h1>Section 142A in reassessment and low tax effect led to dismissal, with the question of law left open.</h1> Section 142A was discussed in relation to reassessment proceedings not protected by section 153A, with the underlying issue being whether additions based ... Section 142A applicability to the reassessments in cases as they are not saved by section 153A - maintanaibility of appeal on low tax effect HC held [2011 (3) TMI 1848 - ALLAHABAD HIGH COURT] section 142A could not be applied to the reassessments before it because those reassessments were not saved by section 153A, and therefore the additions based on the Valuation Officer's report could not be sustained HELD THAT: - As respondent pointed out that the tax effect involved in the present appeal is ₹32,92,472/-. In view of the Circular dated 6th August, 2024 issued by the Central Board of Direct Taxes, the present appeal does not lie before this Court. n view of the aforesaid fact, the present appeal is dismissed, however, leaving the question of law open. Outcome: Appeal dismissed on the ground of does not lie before this Court.
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