https://www.taxtmi.com/caselaws?id=285061 The appeal under Section 260A of the Income-tax Act, 1961, challenging the Income-tax Appellate Tribunal's order for the assessment year 2006-07, was dismissed due to low tax effect based on Circular No.17/2019. The appellant's arguments on substantial questions of law regarding the computation of capital gains from a lease agreement were not addressed, with the Court leaving them open for reconsideration if the tax effect exceeded the prescribed threshold. The dismissal did not award costs, emphasizing the significance of tax effect in determining the outcome of the appeal. en-us Thu, 22 Aug 2019 00:00:00 +0530 Tue, 24 Dec 2019 09:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285061 The appeal under Section 260A of the Income-tax Act, 1961, challenging the Income-tax Appellate Tribunal's order for the assessment year 2006-07, was dismissed due to low tax effect based on Circular No.17/2019. The appellant's arguments on substantial questions of law regarding the computation of capital gains from a lease agreement were not addressed, with the Court leaving them open for reconsideration if the tax effect exceeded the prescribed threshold. The dismissal did not award costs, emphasizing the significance of tax effect in determining the outcome of the appeal. Case-Laws Income Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285061