ITA NO. 2702/Del/2024

Parties Involved

Facts Summary

The Revenue has filed an appeal against the Order of the Ld. CIT(Appeal)/NFAC, Delhi dated 26.03.2024, relating to assessment year 2018-19. At the time of hearing, Ld. Counsel for the assessee submitted that the tax effect in this appeal by the Revenue is below Rs. 60 lakhs. The CBDT in its Circular No.09/2024 dated 17.09.2024 has revised the monetary limit for filing of the departmental appeals to the ITAT at Rs. 60 lakhs. Ld. DR agreed that the tax effect in this appeal of the Revenue is below the prescribed limit and filed a chart of calculation of tax effect, which shows that the tax effect involved in the present case is Rs. 34,79,216/-. In view of the above position, the appeal of the Revenue is deemed not maintainable and dismissed.…

Legal Issues

• 1. Whether the appeal is maintainable under the new monetary limit?

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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