Disposed¶13
Pr Commissioner of Income Tax 2 Mumbai v. Laffans Petrochemicals Ltd. Ay 2014-15 Ita 2552/MUM/2021 Revenue
Bombay HCITXA/925/2025
Case brief
AI extract
What is this about?
Low tax effect disposal of ITA(IT) 923/2025 and 925/2025 (PCIT-2 Mumbai v. Laffans Petrochemicals Ltd, AY 2014-15) before Bombay High Court; tax effect below Rs. 2 crore threshold; no CBDT Circular exception claimed in appeal memo; counsel reported no instructions; questions of law left open; liberty to revive/restore by 31 January 2026 if tax effect exceeds Rs. 2 crores or a CBDT Circular exception applies.
What did the court decide?
Both appeals disposed of on the ground of low tax effect with questions of law left open; liberty to apply for revival/restoration on or before 31 January 2026 if tax effect exceeds Rs. 2 crores or a CBDT Circular exception applies. ¶13