The Commissioner Of Income Tax-8 vs M/S N.S.N. Jewellers Pvt. Ltd

The Supreme Court dismissed the civil appeal due to the tax effect being below Rs. 25,00,000 as per the circular issued by the Central Board of Direct Taxes. The Court clarified that while the appeal is dismissed, the question of law remains open for future consideration. The dismissal was based on the procedural guidelines regarding tax appeals, emphasizing the importance of tax effect thresholds in civil litigation.