In Brief
This batch of consolidated income tax appeals involved numerous taxpayers challenging lower court decisions. The Supreme Court found that all the appeals involved a tax effect of less than Rs.1 crore (Rs.1,00,00,000) and were covered by a circular issued by the Central Board of Direct Taxes (CBDT). As they fell below the prescribed monetary threshold, the Court dismissed the appeals as not maintainable, while condoning any delay in filing. The decision affirmed that CBDT circulars and statutory monetary limits govern the admissibility of tax appeals at the apex court level.
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