Disposed¶¶13
Pr Commissioner of Income Tax 2 Mumbai v. Laffans Petrochemicals Ltd. Ay 2014-15 Ita 298/MUM/2022 Assessee
Bombay HCITXA/923/2025
Case brief
AI extract
What is this about?
Low tax effect disposal of revenue appeals; CBDT Circular exceptions; revival/restoration liberty deadline 31 January 2026; tax effect threshold Rs. 2 crore; ITA(IT) Nos. 923 and 925 of 2025; Pr Commissioner of Income Tax 2 Mumbai v. Laffans Petrochemicals Ltd; AY 2014-15; questions of law left open; Bombay High Court; Sonak & Sethna JJ.; 10 November 2025.
What did the court decide?
Both Appeals disposed of on the ground of low tax effect with the questions of law left open; liberty to apply for revival/restoration on or before 31 January 2026 if the tax effect is found greater than Rs. 2 crores or the matter falls within any exception to the CBDT Circular. ¶¶13