Income Tax Officer, Ward-58(1), New Delhi Vs. Shahabuddin, FA/40, Sunder Nagari, New Delhi
Case No: ITA No. 3055/Del/2023
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 14 Oct 2024
Parties Involved
appellantIncome Tax Officer, Ward-58(1), New Delhi
respondentShahabuddin, FA/40, Sunder Nagari, New Delhi
Facts Summary
The appeal in ITA No. 3055/Del/2023 for the Assessment Year 2017-18 arises from the order of the Commissioner of Income Tax (Appeals)-28, New Delhi against the order of assessment passed under section 143(3) of the Income-tax Act, 1961 by the Assessing Officer, ACIT, Central Circle-15, New Delhi. The Departmental Representative (DR) pointed out that the present appeal should be withdrawn as the tax effect involved in the case is below Rs. 60 Lacs. The Central Board of Direct Taxes (CBDT) has revised the monetary limit for filing appeals before the Tribunal to Rs. 60 Lacs, and the Circular dated 17.09.2024 applies to all pending appeals.…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the appeal filed by the Revenue is maintainable given the monetary limit set by the CBDT Circular dated 17.09.2024?
Judgment Outcome
Decided in favour of Revenue.