https://www.taxtmi.com/caselaws?id=302789 The appeal filed by Revenue under Section 260A of the Income Tax Act, 1961 against an order dated 01.05.2014 was dismissed by the High Court due to low tax effect falling below the threshold limit set by Circular No.17/2019. The court granted liberty to the Revenue to seek restoration of the appeal if the tax effect exceeded the specified limit. The substantial questions of law regarding deduction under Section 80P and classification of the assessee were left open. No costs were awarded, and the decision was based on the monetary limit set by the Central Board of Direct Taxes. en-us Tue, 27 Aug 2019 00:00:00 +0530 Sat, 18 Jun 2022 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302789 The appeal filed by Revenue under Section 260A of the Income Tax Act, 1961 against an order dated 01.05.2014 was dismissed by the High Court due to low tax effect falling below the threshold limit set by Circular No.17/2019. The court granted liberty to the Revenue to seek restoration of the appeal if the tax effect exceeded the specified limit. The substantial questions of law regarding deduction under Section 80P and classification of the assessee were left open. No costs were awarded, and the decision was based on the monetary limit set by the Central Board of Direct Taxes. Case-Laws Income Tax Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302789