ITA No.1029/Chny/2024 (AY 2016-17)

Parties Involved

Facts Summary

This is an appeal preferred by the Revenue against the order of the Learned Commissioner of Income Tax (Appeals), Chennai-19, dated 15.02.2024 for the Assessment Year 2016-17. The tax effect of the relief granted by the Ld.CIT(A) is below ₹60 lakhs. The Department fairly conceded that this appeal is covered by the Circular No.09 of 2024 issued by the Central Board of Direct Taxes, which revised the monetary limit for filing appeals before the ITAT from ₹50 lakhs to ₹60 lakhs. The Revenue submitted that in case, this appeal falls in the exceptional clause, the decision may be recalled. However, the appeal was dismissed as not maintainable/withdrawn on the strength of the CBDT Circular.…

Legal Issues

• 1. Whether the appeal is maintainable given the tax effect is below ₹60 lakhs?

Judgment Outcome

Decided in favour of Revenue.

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