The High Court of ChhattisgarH disposed of the Tax Case as withdrawn. The court upheld the applicant's prayer that monetary limits for Income Tax Appeals were enhanced to Rs. 2 Crores by a new circular, allowing disposal of cases with lower tax liability.
The instant Tax Case was disposed of finally as withdrawn.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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Digitally
signed by
SAURABH
SAURABH YADAV
YADAV Date:
2024.11.22
16:59:32
+0530
2024:CGHC:45760-DB
NAFR
HIGH COURT OF CHHATTISGARH AT BILASPUR
TAXC No. 189 of 2023
The Pr. Commissioner of Income Tax Raipur-1, District Raipur (C.G.)
... Applicant
Versus
Vandana Rolling Mills Ltd. Vandana Building, M.G. Road, Raipur (C.G.)- 492001, Pan-AAAVC7614A, A.Y. 2017-18
... Respondent
For Applicant : Mr. Ajay Kumrani, Advocate. For Respondent : None.
Hon'ble Shri Justice Sanjay K. Agrawal
Hon'ble Shri Justice Radhakishan Agrawal
Judgment on Board
22.11.2024
Sanjay K. Agrawal, J.
1 . When the case is taken up for hearing, learned counsel for the appellant would submit that the Government of India, Ministry of
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Finance has issued a new circular dated 17.09.2024, in which monetary limits for filing Income Tax Appeals by the department before the High Court has been enhanced to Rs.2 Crores, whereas in the present case 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.
3 . For ready reference, relevant paragraphs of said circular dated 17.09.2024 is quoted herein-below:
“1. Reference is invited to Circular No. 5/2024 (F.No.279/Misc.142/2007-ITJ(Pt))dated 15.03.2024 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.
4.1 of the aforementioned Circular as follows:-
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| S. | Appeals/SLPs in Income-Ta | x Monetary Limit (Tax |
|---|---|---|
| No. | matters | effect in Rs.) |
| 1. | Before Income Tax Appellate Tribunal |
60 lakh |
| 2. | Before High Court 2 crore | 2 crore |
| 3. | Before Supreme Court | 5 core |
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It shall also apply to the SLPs/ appeals pending before Supreme Court/High Courts/Tribunal, which may accordingly be withdrawn.
4 . In view aforesaid submission of learned counsel for the appellant where monetary limit (tax liability) in the present case is less than Rs.2 Crores, therefore, in light of aforesaid circular (Para-5) dated 17.09.2024, the instant Tax Case stands disposed of finally as withdrawn.
Sd/Sd/-
( Sanjay K. Agrawal ) ( Radhakishan Agrawal ) JUDGE JUDGE
Saurabh
The Pr. Commissioner of Income Tax Raipur-1
Vandana Rolling Mills Ltd.
Sanjay K. Agrawal
Radhakishan Agrawal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
