Commissioner of Income Tax -X v. Chand Prabha Jain
Case brief
What is this about?
Income tax appeal ITA 673/2012, High Court of Delhi at New Delhi, decided 16 January 2025 (digitally signed order). Appellant: Commissioner of Income Tax–X (through Debesh Panda, SSC, with Vikramaditya Singh, Zehra Khan, Sajal Singhai, Yashika Gupta); Respondent: Chand Prabha Jain (through Uma Shankar). Coram: Yashwant Varma and Harish Vaidyanathan Shankar, JJ. Held: tax effect below INR 2 crores; appeal dismissed on ground of low tax effect per Circular No. 9/2024 dated 17 September 2024; questions of law left open. Keywords: low tax effect, tax effect threshold, Circular 9/2024, dismissal of tax appeal.
What did the court decide?
No relief to the appellant; appeal dismissed on the ground of low tax effect, with proposed questions of law kept open to be urged in an appropriate case. ¶14