Asstt. Commissioner of Income Tax v/s Mahatma Fule Gramin Bigar Sheti Sahakari Patsanstha

Parties Involved

Facts Summary

The Revenue has filed this appeal challenging the impugned order dated 21/09/2023, passed by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, for the assessment year 2017–18. At the outset, the learned Authorised Representative appearing for the assessee submitted that the tax effect on the amount disputed by the Revenue is below the revised monetary limit of ` 60 lakh applicable to appeals before the Tribunal, as per CBDT Circular no.09 of 2024, dated 17/09/2024. Thus, the learned A.R. submitted that the Revenue’s appeals being covered under the aforesaid Circular is not maintainable. The learned Departmental Representative agreed that the tax effect on the amount disputed by the Revenue is below the monetary limit of ` 60 lakh for both the years under consideration.…

Legal Issues

• 1. Whether the appeal is maintainable under the revised monetary limit of ` 60 lakh as per CBDT Circular no.09 of 2024?

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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