Income Tax Officer-Ward 1(2) v. M/S Chhattisgarh Sahakari Sakh Samiti Maryadit
Case brief
What is this about?
Chhattisgarh High Court TAXC 134/2024 (order dated 10.02.2025, Division Bench): departmental income-tax appeal disposed of purely on monetary-limit ground; Government of India, Ministry of Finance / CBDT circular dated 17.09.2024, issued under S. 268A of the Income-tax Act, 1961, revising Circular No. 5/2024 dated 15.03.2024, raised the tax-effect threshold for appeals before the High Court to Rs. 2 crore (ITAT Rs. 60 lakh; Supreme Court Rs. 5 crore); tax liability in the present case below Rs. 2 crore; disposal in light of Para-5 of the circular; parties: Income Tax Officer-Ward 1(2) Bhilai v. M/s Chhattisgarh Sahakari Sakh Samiti Bhilai, Durg; no adjudication on merits; relevant to litigation-management policy, tax-effect monetary limits, and disposal/withdrawal of pending departmental appeals.
What did the court decide?
Finding the appellant-counsel's prayer fair and reasonable, and noting that the monetary limit (tax liability) in the present case is less than Rs. 2 crores, the Court disposed of the instant Tax Case in light of Para-5 of the circular dated 17/09/2024.