Revenue appeal withdrawn in view of CBDT Circular No.9/2024 dated 17.09.2024 revising monetary limits for filing appeals; tax effect below the revised High Court limit of Rs.2 crore and case not within exceptions.
Appeal dismissed as withdrawn; pending applications also dismissed as withdrawn.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.
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ITA-21-2023 (O&M)
136
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
ITA-21-2023 (O&M)
Date of Decision: 03.10.2024
PR. COMMIS S IONER OF INCOME TAX 1 L U DHIANA
. . . . Appellan t
Vs.
M/S OSWAL W OOLLEN MILLS LTD
. . . . Responden t
****
CORAM: HON’BLE MR. JUSTICE SANJEEV PRAKASH SHARMA HON’BLE MR. JUSTICE SANJAY VASHISTH
Present: M r. Ranvijay Singh, Sr. Standing C ounsel f or the appellant/Revenue.
SANJEEV PRAKASH SHARMA, J.(Oral)
“ 2. As a step towards mana g ement of litigation, it has b een decided by the Board to revis e the monetary limits for fi ling of appeals in Income-tax cases a s stated in Para 4.1 of the af orementioned Circular as follows:
| S l. No. |
Appeals/SLPs in Income-tax matters |
Monetary Limit |
|---|---|---|
| (Tax effect in Rs.) | ||
| 1 . |
Before Income Tax Appella te Tribunal |
60 lakh |
| 2 . |
Before High Court | 2 crore |
| 3 . |
Before Supreme Court | 5 crore |
MOHIT GOYAL 2024.10.14 11:58 I attest to the accuracy and integrity of this document
ITA-21-2023 (O&M)
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3. Monetary limits given in paragraph 2 above with r egard to filing appeal/SLP shall b e applicable to all cases i n cluding those relating to TDS/TCS u nder the Income-tax Act, 1 961 with exceptions as per paras 3 . 1 and 3.2 of Circular No 5 /2024 dated 15.03.2024, where the d ecision to appeal/file SLP s hall be taken on merits, without reg a pord to the tax effect and t h e monetary limits.”
(SANJEEV PRAKASH SHARMA) JUDGE
(SANJAY VASHISTH) JUDGE
October 03, 2024
Mohit goyal
1. Whether speaking/reasoned? Yes/No 2. Whether reportable? Yes/No
MOHIT GOYAL 2024.10.14 11:58 I attest to the accuracy and integrity of this document
PR. Commissioner of Income Tax 1 Ludhiana
M/s Oswal Woollen Mills Ltd
Sanjeev Prakash Sharma
Sanjay Vashisth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
