https://www.taxtmi.com/caselaws?id=783993 In review, the assessee argued that the Revenue appeal was barred by the CBDT low tax effect circular as the tax effect was below the threshold, and sought remand to the Tribunal to consider other grounds. The HC held that the Revenue's case throughout was of accommodation entries, bringing it within the circular's exception, so the low tax effect objection was rejected. The HC further held that the assessee's Tribunal appeal had been pressed only on defective and mechanical approval under s.151, and therefore no remand on other grounds was warranted. The review was dismissed as devoid of merit. en-us Tue, 23 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783993 In review, the assessee argued that the Revenue appeal was barred by the CBDT low tax effect circular as the tax effect was below the threshold, and sought remand to the Tribunal to consider other grounds. The HC held that the Revenue's case throughout was of accommodation entries, bringing it within the circular's exception, so the low tax effect objection was rejected. The HC further held that the assessee's Tribunal appeal had been pressed only on defective and mechanical approval under s.151, and therefore no remand on other grounds was warranted. The review was dismissed as devoid of merit. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783993