Dismissed¶10
Pr.Commissioner of Income TAX-2 v. Cosmo Films Ltd.
Delhi HCITA/617/2017
Case brief
AI extract
What is this about?
Cosmo Films Ltd; ITA 617/2017; Delhi High Court; Pr. Commissioner of Income Tax-2 v. Cosmo Films Ltd.; appeal dismissed on ground of low tax effect; tax effect below INR 2 crores; Circular No. 9/2024 dated 17 September 2024; monetary limit for departmental appeals; questions of law kept open; bench Yashwant Varma and Harish Vaidyanathan Shankar JJ.; decided 3 February 2025; no merits adjudicated.
What did the court decide?
The tax effect forming the subject matter of the appeal undisputedly falls below INR 2 crores; in view of the provisions of Circular No. 9/2024 dated 17 September 2024 the appeal was not liable to be continued and was accordingly dismissed on the ground of low tax effect. ¶9