The J.C.I.T., OSD Vs. Armstrong Agencies Pvt Ltd

Parties Involved

Facts Summary

This appeal by the Revenue is directed against the order of the ld. CIT(A)-27, Delhi dated 27.12.2024 pertaining to A.Y 2017-18. The Revenue is challenging the decision of the CIT(A) regarding the applicability of section 115BBE of the Income-tax Act, 1961 for transactions carried out from 01.04.2017 onwards. The case involves the tax effect of certain transactions and whether they fall below the limit prescribed in the CBDT Circular No. 9/2024 dated 17.09.2024.…

Legal Issues

• 1. Applicability of section 115BBE of the Income-tax Act, 1961 for transactions carried out from 01.04.2017 onwards.
• 2. Whether the tax effect of the transactions is below the limit prescribed in the CBDT Circular No. 9/2024 dated 17.09.2024.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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