Dismissed
The Pr.Commissioner of Income Tax(Central)Pune v. Dhariwal Industries Ltd.
Bombay HCITXA/1140/2016
Case brief
AI extract
What is this about?
The Bombay High Court dismissed an Income Tax Appeal filed by the Principal Commissioner of Income Tax against Dhariwal Industries Ltd., as the tax effect was below the Rs. 2 Crore threshold specified in the CBDT Circular dated September 17, 2024, rendering the appeal unadjudicable under the circular's guidelines.
What did the court decide?
The Income Tax Appeal was dismissed on the ground that the tax effect was below the threshold of Rs. 2 Crores as per CBDT Circular dated 17 September 2024.