Summary
- The Telangana High Court has dismissed an Income Tax appeal due to a tax effect of only ₹10 lakh, falling below the CBDT's monetary limit.
- The case, involving a penalty under Section 43 of the Black Money Act, was heard on January 8, 2026, by Justices P. Sam Koshy and Suddala Chalapathi Rao.
- The court referenced CBDT Circular No. 5 of 2024, which raised the appeal threshold from ₹1 crore to ₹2 crores for departmental cases.
- This ruling underscores the impact of updated monetary limits on the sustainability of tax appeals in higher courts.
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