Income Tax Officer, Delhi vs. Adesh Kumar Aggarwal
Parties Involved
Facts Summary
This appeal by the Revenue is directed against the order of the National Faceless Appeal Centre, Delhi, dated 13.08.2024 for Assessment Year 2016-17. The grievance of the Revenue shows that the tax effect in this appeal is 59,89,050/-, which is less than the monetary limit prescribed for filing the appeal before the Tribunal. However, the CBDT, in its Circular No. 09 of 2024 dated 17/09/2024, has recently revised the monetary limit for filing departmental appeals before the ITAT to Rs. 60,00,000/-.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the appeal can be maintained given the revised monetary limit.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
1 precedent cited in this judgement.
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