Commissioner of Income Tax It 3 Mumbai v. Lioyds Register Asia India Branch Office
Case brief
What is this about?
Bombay High Court; Income Tax Appeals (ITXA) 737/2024 with 753, 756, 764, 871, 878, 765/2024 and 308, 939, 944/2025; Revenue appeals by Pr. Commissioner of Income Tax 17 v. Amrut Enterprises; disposed on low tax effect (below Rs. 2 crores / Rs.2 Crores threshold); CBDT Circular exceptions not attracted; questions of law kept open; liberty to apply for revival/restoration on or before 31 January 2026; decided 17 October 2025 by M.S. Sonak and Advait M. Sethna, JJ.; no merits adjudication; counsel reported no instructions on tax effect.
What did the court decide?
Appeals disposed on the ground of low tax effect with questions of law kept open; liberty granted to the Appellants to seek revival/restoration by application on or before 31 January 2026 if the tax effect exceeds Rs. 2 crores or a CBDT Circular exception applies. ¶¶21