Income Tax Officer, Ward-12(1), Kolkata Vs. Mercury Solutions Ltd.
Case No: I.T.A. No.: 1530/KOL/2024
Court: Income Tax Appellate Tribunal, Kolkata ‘C’ Bench, Kolkata
Date: 3/4/2025
Parties Involved
appellantIncome Tax Officer, Ward-12(1), Kolkata
respondentMercury Solutions Ltd.
Facts Summary
This appeal was filed by the Revenue against the order of the ADDL/JCIT(A)-Bhopal passed under section 250 of the Income Tax Act, 1961 for Assessment Year 2017-18. The appeal was against the intimation order under section 143(1) of the Act dated 27.09.2018. The tax effect by virtue of relief given by the first appellate authority was less than Rs. 60,00,000/-. The Assessing Officer objected to the admission of the appeal as the tax effect was stated to be Rs. 54,36,470/-, which is below Rs. 60,0…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the appeal is maintainable given the tax effect is less than Rs. 60,00,000/-.
Precedents Relied Upon
1 precedent cited in this judgement.