Pr. Commissioner of Income Tax -7 v. the Fertilizer Corporation of India Ltd.
Case brief
What is this about?
Delhi High Court; ITA 223/2024; Pr. Commissioner of Income Tax-7 (Revenue/appellant) v. The Fertilizer Corporation of India Ltd. (respondent); appeal against Income Tax Appellate Tribunal order dated 01.06.2023 in ITA No.3357/Del/2016 for assessment year 2009-10; dismissed on account of low tax effect; tax effect below ₹2,00,00,000/- threshold per Circular dated 17.09.2024; coram: VIBHU BAKHRU, ACJ and TUSHAR RAO GEDELA, J; decided 09.01.2025; short digitally signed order without substantive discussion of merits; no statutory provisions or precedents cited.
What did the court decide?
The present appeal filed by the Revenue is dismissed on account of low tax effect, as the tax effect involved is below the threshold limit of ₹2,00,00,000/- stipulated in the Circular dated 17.09.2024. ¶13