DCIT, CC-2(3), Kolkata Vs. Prabhu Poly Pipes Ltd.
Parties Involved
Facts Summary
This appeal was preferred by the revenue against the order of the Commissioner of Income Tax (Appeal)-26, Kolkata dated 22.05.2024 for Assessment Year 2014-15. The CBDT issued Circular No. 9/2024 dated 17.09.2024, increasing the monetary limits for filing appeals before the Income Tax Appellate Tribunal, High Courts, and the Supreme Court. In the present case, the tax effect by the revenue is less than Rs. 60,00,000/-. The appeal was filed by the revenue on 13.08.2024.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the appeal filed by the revenue is maintainable given the tax effect is below the revised monetary limit set by the CBDT Circular No. 9/2024.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
1 precedent cited in this judgement.
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