ITO, Jagdalpur Vs. Aadimjati Sewa Sahakari Samiti

Parties Involved

Facts Summary

The case involves an appeal filed by the Income Tax Officer, Jagdalpur against the order passed by the Commissioner of Income-Tax (Appeals), National Faceless Appeal Center (NFAC), Delhi, dated 20.02.2024, which in turn arises from the order passed by the Assessing Officer under Sec.143(3) of the Income-tax Act, 1961 for the assessment year 2016-17. The appeal was filed against the order passed by the Commissioner of Income-Tax (Appeals), NFAC, Delhi, dated 20.02.2024, which was based on the order passed by the Assessing Officer under Sec.143(3) of the Income-tax Act, 1961 for the assessment year 2016-17. The appeal was dismissed as the tax effect involved was below the monetary limit of Rs.60,00,000/- as per the latest circular issued by the Central Board of Direct Taxes (CBDT).…

Legal Issues

• 1. Whether the appeal can be dismissed as the tax effect involved is below the monetary limit of Rs.60,00,000/-?

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

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