https://www.taxtmi.com/caselaws?id=759510 The Bombay HC disposed of the interim application filed by the Revenue, which challenged the withdrawal of an Income Tax Appeal due to low tax effect per CBDT Circular No. 17 of 2019. The Court granted the Revenue liberty to file a fresh application, considering clarifications from CBDT Circular No. 5 of 2024 and subsequent updates. The decision emphasized the need for a merit-based analysis in TDS/TCS cases, allowing the Revenue to take appropriate action based on the recent circulars. en-us Wed, 25 Sep 2024 00:00:00 +0530 Thu, 03 Oct 2024 07:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759510 The Bombay HC disposed of the interim application filed by the Revenue, which challenged the withdrawal of an Income Tax Appeal due to low tax effect per CBDT Circular No. 17 of 2019. The Court granted the Revenue liberty to file a fresh application, considering clarifications from CBDT Circular No. 5 of 2024 and subsequent updates. The decision emphasized the need for a merit-based analysis in TDS/TCS cases, allowing the Revenue to take appropriate action based on the recent circulars. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759510