https://www.taxtmi.com/caselaws?id=398857 The High Court of Madras dismissed the Revenue's Tax Case Appeal challenging the ITAT's order for Assessment Year 2005-2006 under section 40(a)(ia) of the Income Tax Act. The appeal was dismissed as the tax effect was below the Rupees One Crore limit specified in a Circular by the Central Board of Direct Taxes. The court kept the substantial questions of law open for determination in suitable cases and did not award any costs in this matter. en-us Fri, 18 Sep 2020 00:00:00 +0530 Fri, 25 Sep 2020 09:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398857 The High Court of Madras dismissed the Revenue's Tax Case Appeal challenging the ITAT's order for Assessment Year 2005-2006 under section 40(a)(ia) of the Income Tax Act. The appeal was dismissed as the tax effect was below the Rupees One Crore limit specified in a Circular by the Central Board of Direct Taxes. The court kept the substantial questions of law open for determination in suitable cases and did not award any costs in this matter. Case-Laws Income Tax Fri, 18 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398857