DCIT, Circle-1(1), Kolkata vs. Rural Engineering Co. Pvt. Ltd
Parties Involved
Facts Summary
The appeal was filed by the Revenue against the order dated 20.02.2025 of the NFAC, Delhi. The Revenue sought condonation for an 83-day delay in filing the appeal, which was granted by the Tribunal. During the hearing, the Revenue argued that the appeal should be dismissed as it fell below the monetary limit as per Circular No.9/2024 dated 17.09.2024 issued by CBDT. The assessee, Rural Engineering Co. Pvt. Ltd, contended that the tax effect involved was incorrectly stated by the Revenue. The Tribunal found that the correct tax effect was Rs.13,57,184/-, which was below the prescribed monetary limit.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the delay in filing the appeal by the Revenue should be condoned?
- 2. Whether the appeal filed by the Revenue should be dismissed as it is below the monetary limit?
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
2 precedents cited in this judgement.
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