Departmental income-tax appeal withdrawn in view of CBDT Circular No.9/2024 revising monetary limits for filing appeals; appeal dismissed as withdrawn and pending applications disposed of.
Appeal dismissed as withdrawn at appellant's request; pending applications disposed of.
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-2-2020 (O&M)
Page 1 of 3
Date of Decision: 15.10.2024
288-17
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
ITA-2-2020 (O&M)
PR. COMMI S SIONER OF INCOME TAX, P ATIALA
. . . . Appellan t
Vs.
M/S PUNJA B STATE ELECTRICITY BOA R D, PATIALA
. . . . Responden t
****
CORAM: HON’BLE MR. JUSTICE SANJEEV PRAKASH SHARMA HON’BLE MR. JUSTICE ALOK JAIN
Present: M r. Saurabh Kapoor, Sr. Standi n g Counsel f or the appellant/Revenue.
M s. Radhika Suri, Sr. Advocate w ith M s. Parnika Singla, Advocate a n d M r. Abhinav Narang, Advocate f or the respondent.
SANJEEV PRAKASH SHARMA, J.(Oral)
PARUL 2024.10.18 12:57 I attest to the accuracy and authenticity of this document
ITA-2-2020 (O&M)
Page 2 of 3
“ 2. As a step towards ma n agement of litigation, it h as been decided by the Board to r e vise the monetary limits fo r filing of appeals in Income-tax cases as stated in Para 4 .1 of the aforementioned Circular as follows:
| S l. No. |
Appeals/SLPs in Income-t ax matters |
Monetary Limit (Tax effect in Rs.) |
|---|---|---|
| 1 . |
Before Income Tax Appellate |
60 lakh |
| Tribunal | ||
| 2 . |
Before High Court | 2 crore |
| 3 . |
Before Supreme Court | 5 crore |
3. Monetary limits given in p aragraph 2 above with r egard to filing appeal/SLP shall b e applicable to all cases i n cluding those relating to TDS/T C S under the Income-tax A ct, 1961 with exceptions as pe r paras 3.1 and 3.2 of C ircular No 5/2024 dated 15.03.2 0 24, where the decision t o appeal/file SLP shall be taken o n merits, without regard t o the tax effect and the monetary l i mits.”
PARUL 2024.10.18 12:57 I attest to the accuracy and authenticity of this document
ITA-2-2020 (O&M)
Page 3 of 3
(SANJEEV PRAKASH SHARMA) JUDGE
(ALOK JAIN) JUDGE
October 15, 2024 parul
1. Whet h er speaking/reasoned? Yes/No 2. Whet h er reportable? Yes/No
PARUL 2024.10.18 12:57 I attest to the accuracy and authenticity of this document
1 provisions across 1 enactments
Pr. Commissioner of Income Tax, Patiala
M/s Punjab State Electricity Board, Patiala
Sanjeev Prakash Sharma
Alok Jain
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
