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April 2024

SC decided to not to proceed with SLP due to threshold of 2 cr in Income tax matter

Nov 08, 2023 by ConsultEase Administrator in Income Tax Compliance

Considering the minimal notice provided and the relatively low tax amount in question, we are disinclined to adjudicate the current special leave petition. This stance aligns with Circular No. 17/2019, dated August 8, 2019, issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, which specifies that the tax liability for which notice has been served is less than Rs. 2 crores.

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SC decided to not to proceed with SLP due to threshold of 2 cr in Income tax matter

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