RANCHI, India, March 28 -- Jharkhand High Court issued the following order on Feb. 25:
1. Heard learned counsel for the parties.
2. In this case, the tax effect is admittedly below Rs. 2 crores. However, Mr. Kumar Vaibhav, learned counsel for the appellant-Revenue submits that the matter falls within the exception under para 10(c) of the CBDT Circular No. 3 of 2018 dated 11.07.2018 which provides that adverse judgments relating to issues where Revenue Audit Objection in the case has been accepted by the department should be contested on merits notwithstanding the tax effect entailed is less than the prescribed monetary limits or there is no tax effect.
3. We have considered Mr. Kumar Vaibhav's submission but we are unable to agree.
4...