The Revenue sought to withdraw an income-tax appeal on the ground that the tax effect fell below the revised monetary limits prescribed by CBDT Circular No. 9/2024. The Court allowed the prayer and dismissed the appeal as withdrawn.
Appeal dismissed as withdrawn.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
ITA-108-2024 (O&M) - 1 -
141
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
ITA-108-2024 (O&M) Date of Decision: 03.12.2024
THE COMMISSIONER OF INCOME TAX (EXEMPTIONS)(E), CHANDIGARH
. . . . Appellant(s)
Vs.
S D EDUCATIONAL SOCIETY, HISAR
. . . . Respondent(s)
****
CORAM: HON’BLE MR. JUSTICE SANJEEV PRAKASH SHARMA HON’BLE MR. JUSTICE SANJAY VASHISTH
Present: Mr. Varun Issar, Sr. Standing Counsel for the appellant(s) – revenue.
SANJEEV PRAKASH SHARMA, J.(Oral)
“ 2. As a step towards management of litigation, it has
been decided by the Board to revise the monetary limits for filing of appeals in Income-tax cases as stated in Para 4.1 of the aforementioned Circular as follows:
| Sl. No. | Appeals/SLPs in Income-tax matters | Monetary Limit |
|---|---|---|
| (Tax effect in Rs.) | ||
| 1. | Before Income Tax Appellate Tribunal | 60 lakh |
| 2. | Before High Court | 2 crore |
| 3. | Before Supreme Court | 5 crore |
3. Monetary limits given in paragraph 2 above with regard to filing appeal/SLP shall be applicable to all cases including those relating to TDS/TCS under the Income-tax Act,
JAWALA RAM 2024.12.04 17:56 I attest to the accuracy and authenticity of this document
ITA-108-2024 (O&M)
- 2 -
1961 with exceptions as per paras 3.1 and 3.2 of Circular No 5/2024 dated 15.03.2024, where the decision to appeal/file SLP shall be taken on merits, without regard to the tax effect and the monetary limits.”
(SANJEEV PRAKASH SHARMA) JUDGE
(SANJAY VASHISTH) JUDGE
December 03, 2024
J.Ram
1. Whether speaking/reasoned?
2. Whether reportable?
Yes/No Yes/No
JAWALA RAM 2024.12.04 17:56 I attest to the accuracy and authenticity of this document
COMMISSIONER OF INCOME TAX (EXEMPTIONS)(E), CHANDIGARH
S D EDUCATIONAL SOCIETY, HISAR
SANJEEV PRAKASH SHARMA
SANJAY VASHISTH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
