Income tax appeal dismissed as the disputed tax effect fell below INR 2 crores, per Circular No. 9/2024 dated 17 September 2024. Questions of law left open.
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PR. COMMISSIONER OF INCOME TAX-20 .....Appellant
Through: Ms. Sakshi Shairwal, JSC for Mr. Vipul Agrawal, Adv.
versus
SHIPRA ESTATE LTD. & JAI KRISHAN ESTATE DEVELOPERS P. LTD. .....Respondent
Through: None.
CORAM:
HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR
Undisputedly, the tax effect which forms the subject matter of this appeal falls below INR 2 Crores and would thus not be liable to be continued in light of the provisions made in Circular No. 9/2024 dated 17 September 2024.
The appeal is, consequently, dismissed on the ground of low tax effect. The proposed questions of law are kept open to be urged and addressed in an appropriate case.
The date of 29 April 2025 stands cancelled.
YASHWANT VARMA, J
HARISH VAIDYANATHAN SHANKAR, J FEBRUARY 11, 2025/ RW
This is a digitally signed order.
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PR. Commissioner of Income Tax-20
Shipra Estate Ltd.
Jai Krishan Estate Developers P. Ltd.
Yashwant Varma
Harish Vaidyanathan Shankar
As recorded by the court registry
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