https://www.taxtmi.com/caselaws?id=765512 The SC addressed the application of Section 147 of the Income Tax Act concerning the threshold for initiating proceedings against an assessee. The Revenue's argument for treating the case as an exception under a Ministry of Finance Circular, despite a previous SLP dismissal due to low tax effect, was noted. Both parties were given three weeks to seek further instructions, indicating no immediate resolution or judgment was rendered. en-us Tue, 28 Jan 2025 00:00:00 +0530 Sat, 01 Feb 2025 08:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765512 The SC addressed the application of Section 147 of the Income Tax Act concerning the threshold for initiating proceedings against an assessee. The Revenue's argument for treating the case as an exception under a Ministry of Finance Circular, despite a previous SLP dismissal due to low tax effect, was noted. Both parties were given three weeks to seek further instructions, indicating no immediate resolution or judgment was rendered. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765512