https://www.taxtmi.com/caselaws?id=340554 The Supreme Court allowed the appeals, set aside previous High Court orders, and directed the High Court to decide the review petition and the appeal on merits if required. The High Court dismissed the review application and the appeal, noting that the tax effect, including notional value, did not exceed the monetary limit set by CBDT Circular No. 21/2015. The court emphasized the importance of reducing litigation and focusing on cases with substantial financial stakes, aligning with the circular's objectives. en-us Wed, 15 Mar 2017 00:00:00 +0530 Tue, 26 Sep 2017 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340554 The Supreme Court allowed the appeals, set aside previous High Court orders, and directed the High Court to decide the review petition and the appeal on merits if required. The High Court dismissed the review application and the appeal, noting that the tax effect, including notional value, did not exceed the monetary limit set by CBDT Circular No. 21/2015. The court emphasized the importance of reducing litigation and focusing on cases with substantial financial stakes, aligning with the circular's objectives. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340554