Income Tax Appellate Tribunal, 'D' Bench, Chennai

Parties Involved

Facts Summary

This appeal is filed against the ITA No.491/CIT(A)-15/2013-14 dated 30.11.2017. The Revenue has challenged the ITA No.491/CIT(A)-15/2013-14 passed by the CIT(A), Chennai. The Counsel for the assesse drew attention to circular No.09/2042 dated 17.09.2024 issued by CBDT modifying the threshold limits for filing of appeals by the Revenue before Hon’ble Apex Court, High Court and the ITATs. It was informed that as per para-5 of the impugned circular, the appeal of the revenue is non-maintainable as the tax effect involved therein is less than Rs.60 lakhs.…

Legal Issues

• 1. Whether the appeal filed by the Revenue is maintainable under the new threshold limits set by the CBDT circular?

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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