Departmental income tax appeal with tax effect below the revised Rs.2 crore monetary limit set by CBDT circular dated 17.09.2024 was disposed of finally at appellant's request.
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Digitally signed by VAISHALI VAISHALI LUCKY LUCKY NAGARIA NAGARIA Date: 2024.09.24 16:36:47 +0530
NAFR
HIGH COURT OF CHHATTISGARH AT BILASPUR
TAXC No. 15 of 2022
1 - Dy. Commissioner Of Income Tax (Central) 2 Raipur Chhattisgarh. ... Appellant
versus
1 - M/s Shree Jagdamba Construction Co. Flat No. 222, 2nd Floor, Krishna Arcade, Lodhipara Chowk, Raipur, Chhattisgarh 492001.
... 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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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.
| 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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all cases including those relating to TDS/TCS under the Income-tax Act, 1961 with exceptions as per paras 3.1 and 3.2 of Circular No 5/2024 dated 15.03.2024, where the decision to appeal/file SLP shall be taken on merits, without regard to the tax effect and the monetary limits.
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Sd/-
Sd/-
(Sanjay K. Agrawal) (Amitendra Kishore Prasad) Judge Judge
vaishali
1 provisions across 1 enactments
Dy. Commissioner Of Income Tax (Central) 2 Raipur Chhattisgarh
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
