ITA No. 223/KOL/2024 & C.O. No. 7/Kol/2025
Parties Involved
Facts Summary
The appeal by the revenue and the Cross Objection by the assessee are against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The tax effect on the disputed additions before the Tribunal is less than Rs. 60 lakh as prescribed in the CBDT’s latest Circular No. 09/2024 dated 17.09.2024 for filing appeal by the Revenue before this Tribunal. A computation of Tax effect under appeal is placed on file. The Ld. DR has fairly admitted that tax effect involved in this appeal is less than the prescribed monetary limit of Rs. 60 lakh.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the appeal by the revenue should be dismissed due to low tax effect?
- 2. Whether the Cross Objection by the assessee should be dismissed?
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
Precedents Relied Upon
1 precedent cited in this judgement.
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