ITA No 467 of 2024 Parit Mukundrai Mavji Patel

Parties Involved

Facts Summary

This appeal filed by the revenue is directed against the order dated 1/2/2024 of the learned CIT (A) 10 Hyderabad for AY 2014-15. It is stated before us that the tax effect in this appeal is less than Rs.60 lakhs and therefore the Circular No. 279/Misc./M-74/2024-ITJ, dated 17th September, 2024 issued by the Central Board of Direct Taxes (CBDT) issued in amendment to Circular 5 of 2024 under Sec.268A(1) of the I.T. Act comes into play, wherein, the monetary limit for filing the appeals by the Revenue before the ITAT and various High Courts as well as Apex Court are revised with an object of the reducing the tax litigation.…

Legal Issues

• 1. Dismissal of appeal due to monetary limit

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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