Disposed¶29
Principal Commissioner of Income TAX-7 v. M/S Universal Power
Karnataka HCITA/9/2022
Case brief
AI extract
What is this about?
Maintainability of income tax appeal; CBDT monetary limit Circular No. 9/2024 dated 15.03.2024; appeal disposed as not maintainable; liberty to seek revival by way of exception per Circular No.5/2024; S.260-A Income Tax Act 1961; AY 2012-2013; ITA No.2511/BANG/2018 order dated 31/07/2019; revenue-side appellants (Pr. CIT-7 and DCIT Circle-7(1)(1)) vs M/s. Universal Power Transformer Pvt Ltd.; amicus curiae appearance; costs made easy; Registry to speed-post copy to unrepresented assessee.
What did the court decide?
Appeal disposed as not maintainable; liberty reserved to seek revival if otherwise maintainable by way of exception in view of Circular No.5/2024; costs made easy. ¶29