RANCHI, India, March 28 -- Jharkhand High Court issued the following order on Feb. 24:
1. Heard learned counsel for the parties.
2. The learned counsel for the revenue submits that though the tax effect may be less than Rs.2.00 cores, the exception in Clause 3.1(f) of the Central Boad of Direct Taxes Circular No.5 of 2024 dated 15th March, 2024 would apply. The exception in Clause 3.1(f) of the aforesaid circular reads as follows:
"3.1(f). Where the tax effect is not quantifiable or not involved, such as the case of registration of trusts or institutions under sections 10(23C), 12A/12AA/12AB of the Act, order passed under Section 263 of the Act etc. The reference to cases involving sections referred here, where it is not possible to qu...