Departmental income-tax appeal where appellant sought disposal citing a new circular dated 17.09.2024 raising the High Court appeal monetary limit to Rs.2 crore; as tax effect was below that limit, the court disposed of the tax case finally.
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Digitally signed by VAISHALI VAISHALI LUCKY LUCKY NAGARIA NAGARIA Date: 2024.09.24 16:33:01 +0530
NAFR
HIGH COURT OF CHHATTISGARH AT BILASPUR
TAXC No. 14 of 2022
... Appellant
versus
... Respondent
For Appellant : Mr. Amit Chaudhari, Advocate For Respondent : None.
Division Bench
Hon'ble Shri Justice Sanjay K. Agrawal &
Hon'ble Shri Justice Amitendra Kishore Prasad Judgment on Board
(23.09.2024)
Sanjay K. Agrawal, J
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department before the High Court has been enhanced to Rs.2 Crores, whereas in the present appeal the tax liability of assess is less than Rs.2 Crore. Therefore, in light of aforesaid circular dated 17/09/2024, the present appeal may be disposed of finally.
“1. Reference is invited to Circular No 5/2024 (F.No.279/Misc.142/2007-ITJ(Pt))dated15.03.2024 of Central Board of Direct Taxes (the 'Board') vide which monetary limits for filing of income tax appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLP/appeals before Supreme Court have been specified. Further, exceptions to the monetary limits were also specified vide paras 3.1 and 3.2 of the said Circular.
| S.No | Appeals/SLPs in Income-tax matters |
Monetary Limit (Tax effect in Rs.) |
|---|---|---|
| 1. | Before Income Tax Appellate | 60 lakh |
| Tribunal | ||
| 2. | Before High Court | 2 crore |
| 3. | Before Supreme Court | 5 crore |
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tax Act, 1961.
Sd/Sd/- (Sanjay K. Agrawal) (Amitendra Kishore Prasad) Judge Judge
vaishali
1 issue framed by the court
Whether the tax appeal should be disposed of in light of the CBDT circular dated 17.09.2024 enhancing monetary limits for departmental appeals to Rs.2 crore.
1 provisions across 1 enactments
Dy. Commissioner of Income Tax (Central) 2 Raipur
M/s Shree Jagdamba Construction Co.
Sanjay K. Agrawal
Amitendra Kishore Prasad
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
