I.T.A. No.: 1637/KOL/2024

Parties Involved

Facts Summary

The present appeal filed by the Revenue is directed against the order dated 31.05.2024 of the Commissioner of Income Tax (Appeals)-NFAC, Delhi. The tax effect on the disputed additions before the tribunal is less than Rs. 60 lakh as prescribed in the CBDT’s latest Circular No. 09/2024 dated 17.09.2024 for filing appeals by the Revenue before this Tribunal. The circular prescribes that the revised monetary limits shall apply retrospectively to pending appeals as well. The DR has also stated that the tax effect involved in the appeal is less than the prescribed limit.…

Legal Issues

• 1. Whether the appeal can be filed by the Revenue due to the tax effect being less than the prescribed limit.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

Similar Judgements

• I.T.A. No.: 1645/KOL/2024

  Kolkata bench

• ITA No. 223/KOL/2024 & C.O. No. 7/Kol/2025

  Kolkata Bench benchAY 2014-15Dismissed

• DCIT, Central Circle-3(1), Kolkata vs. Chirag Jewellers

  Kolkata bench

• ITA No.5139/Del/2016

  Agra Bench benchAY 2012-13Dismissed

• ITA No.1818/Del/2018

  Delhi Bench benchAY 2013-14Dismissed

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

  Nagpur bench