ITA No.4474/M/2024

Parties Involved

Facts Summary

This appeal has been preferred by the Revenue against the order dated 08.07.2024, impugned herein, passed by the National Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) under section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2015-16. At the outset, we observe that in this case the tax effect is less than Rs. 60,00,000/- the prescribed limit set out as per latest CBDT circular no. 9/2024 dated 17.09.2024.…

Legal Issues

• 1. Whether the appeal of the Revenue Department is liable to be dismissed considering the tax effect being less than Rs. 60,00,000/-.

Judgment Outcome

Decided in favour of Revenue.

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