ITA No. 4390/MUM/2023

Parties Involved

Facts Summary

The Revenue has challenged the order, dated 05/10/2023, passed by the National Faceless Appeal Centre (NFAC), Delhi, partly allowing the appeal against the Assessment Order, dated 19.12.2018, passed under Section 143(3) read with Section 144C(3) read with Section 144B of the Income Tax Act, 1961 for the Assessment Year 2018-19. The tax effect in the present appeal is INR 58,22,867/-. According to the Circular No. 9 of 2024, dated 17/09/2024, issued by the Central Board of Direct Taxes (CBDT) the monetary limit for filing departmental appeals before the Tribunal stands enhanced and departmental appeals are not be filed before the Tribunal in cases where the tax effect does not exceed the specified monetary limits of INR 60 Lakhs.…

Legal Issues

• 1. The tax effect in the present appeal is below the specified monetary limit.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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