ITA No.1345/Chny/2023

Parties Involved

Facts Summary

The appeal filed by the Revenue for Assessment Year 2019-20 arises out of the order of the Learned Commissioner of Income Tax (Appeals)-19, Chennai dated 27.09.2023. The tax effect involved in the appeal is Rs. 54,47,832/- which is less than Rs. 60 lakhs. The Central Board of Direct Taxes (CBDT) vide Circular No.09 of 2024 dated 17.09.2024 has increased the monetary limit for filing the appeal by the Revenue before the ITAT to Rs. 60 Lakhs. The circular states that in cases where the tax effect in the appeal to be filed before the Appellate Tribunal does not exceed Rs. 60 lakhs, appeals should not be filed.…

Legal Issues

• 1. Whether the appeal filed by the Revenue is maintainable under CBDT Circular No. 09 of 2024?

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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