https://www.taxtmi.com/caselaws?id=301920 The High Court dismissed the Revenue's tax appeal because it was not being pursued on account of low tax effect under Circular No. 17/2019, which raised the monetary threshold for High Court appeals. The substantial questions of law framed at admission were left unanswered, and the Court granted the Revenue liberty to seek restoration if the tax effect later exceeds the threshold fixed in the Circular. This reflects the operative effect of the circular-based monetary limit on continuation of tax appeals, while preserving the possibility of revival if the threshold condition changes. en-us Tue, 23 Mar 2021 00:00:00 +0530 Tue, 26 Apr 2022 20:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301920 The High Court dismissed the Revenue's tax appeal because it was not being pursued on account of low tax effect under Circular No. 17/2019, which raised the monetary threshold for High Court appeals. The substantial questions of law framed at admission were left unanswered, and the Court granted the Revenue liberty to seek restoration if the tax effect later exceeds the threshold fixed in the Circular. This reflects the operative effect of the circular-based monetary limit on continuation of tax appeals, while preserving the possibility of revival if the threshold condition changes. Case-Laws Income Tax Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301920