ITA No. 3079/Del/2023 and CO No.17/Del/2024

Parties Involved

Facts Summary

The appeal in ITA No. 3079/Del/2023 and CO No. 17/Del/2024 for the Assessment Year 2013-14 arises from an order of the Commissioner of Income Tax (Appeals)-23, New Delhi against an order of assessment passed by the Assessing Officer, DCIT, Central Circle-03, New Delhi. The Central Board of Direct Taxes (CBDT) has revised the monetary limit for filing appeals before the Tribunal to Rs.60 Lacs. The present appeal filed by the Revenue in case of low tax effect is not maintainable. The appeal of the Revenue is dismissed as withdrawn/not pressed. The cross objection preferred by the assessee is dismissed as infructuous.…

Legal Issues

• 1. Maintainability of the appeal due to revised monetary limit by CBDT Circular No.09/2024.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

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