https://www.taxtmi.com/caselaws?id=759943 Maintainability of a Section 260A appeal was tested against Circular 9 of 17.09.2024 governing high-value tax appeals. The Court distinguished between "tax not quantifiable" and "tax not quantified" and applied the Circular to the facts before it. It accepted that, even on the Department's own case, the proposed disallowance would generate a tax effect below the prescribed monetary threshold, so the appeal did not meet the maintainability criterion. The appeal was dismissed as not maintainable, while the proposed substantial question of law was left open. en-us Fri, 27 Sep 2024 00:00:00 +0530 Fri, 11 Oct 2024 08:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759943 Maintainability of a Section 260A appeal was tested against Circular 9 of 17.09.2024 governing high-value tax appeals. The Court distinguished between "tax not quantifiable" and "tax not quantified" and applied the Circular to the facts before it. It accepted that, even on the Department's own case, the proposed disallowance would generate a tax effect below the prescribed monetary threshold, so the appeal did not meet the maintainability criterion. The appeal was dismissed as not maintainable, while the proposed substantial question of law was left open. Case-Laws Income Tax Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759943