The High Court dismissed the income tax appeal on the ground of low tax effect, citing Circular No. 9/2024. Proposed questions were kept open.
Income tax appeal dismissed on ground of low tax effect.
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COMMISSIONER OF INCOME TAX CENTRAL-2
.....Appellant
Through: Mr. Debesh Panda, SSC with Ms. Zehra Khan, Mr. Vikram Aditya, Advs.
versus
PRABHATAM BUILDTECH PVT.LTD. .....Respondent Through: Mr. Gautam Jain, Mr. Manish Yadav, Advs.
CORAM:
HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR
O R D E R % 03.02.2025
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.
YASHWANT VARMA, J.
HARISH VAIDYANATHAN SHANKAR, J.
FEBRUARY 3, 2025/ neha
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 06/02/2025 at 14:47:38
1 issue framed by the court
Whether the income tax appeal should be continued in view of low tax effect falling below INR 2 Crores.
1 provisions across 1 enactments
Commissioner of Income Tax Central-2
Prabhatam Buildtech Pvt. Ltd.
Yashwant Varma
Harish Vaidyanathan Shankar
As recorded by the court registry
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