ITA Nos. 318/RPR/2024 & 4 others

Parties Involved

Facts Summary

The appeals were filed by the revenue against the orders passed by the National Faceless Appeal Centre (NFAC)/ADDL/JCIT(A) in cases of the aforementioned assessee societies. These appeals arise from the orders passed by the Assessing Officer under section 143(3) of the Income-tax Act, 1961 for assessment years 2014-15, 2017-18, 2015-16, 2016-17. The Central Board of Direct Taxes (CBDT) had amended the monetary limit for filing appeals by the Department before the ITAT, High Courts, and SLPs/Appeals before the Supreme Court to reduce litigation. The tax effect involved in these appeals is below the monetary limit of Rs.60,00,000/-.…

Legal Issues

• 1. Whether the appeals filed by the Department are maintainable under the monetary limit of Rs.60,00,000/-.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

Similar Judgements

• ITA Nos. 333 to 336/RPR/2024

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• Income Tax Officer, Naidu vs. Tampersara Service Cooperative Society Limited

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• ITA No 77 of 2024 Subramanyam Reddivari

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• Income Tax Officer, Naidu Sankul Building, Railway Station Road, Bargarh Vs. Tora Service Cooperative Sociey Limited, Tora SCS Ltd., PO: Tora, Bargarh

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• ITA No.1029/Chny/2024 (AY 2016-17)

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• Portescap India Pvt. Ltd. Vs. ACIT-2(3)(1)

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