I.T.A. No.: 1645/KOL/2024

Parties Involved

Facts Summary

The present appeal filed by the Revenue is directed against the order dated 18.01.2024 of the Commissioner of Income Tax (Appeals)- 21, Kolkata. 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 Department representative has stated that the tax effect involved in the appeal is less than the prescribed limit.…

Legal Issues

• 1. Whether the appeal of the Revenue should be dismissed due to the low tax effect?

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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