Revenue appeal against an income-tax assessment order was withdrawn by the appellant in light of CBDT Circular No.9/2024 dated 17.09.2024 enhancing monetary limits for departmental appeals, as the case did not fall within the circular's exceptions.
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ITA-58-2020 (O&M)
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102-2
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
ITA-58-2020 (O&M)
Date of Decision: 15.10.2024
THE PR. CO M MISSIONER OF INCOME T A X FARIDABAD
. . . . Appellan t
Vs.
M/S NHPC L TD
. . . . Responden t
****
CORAM: HON’BLE MR. JUSTICE SANJEEV PRAKASH SHARMA HON’BLE MR. JUSTICE ALOK JAIN
Present: M r. Varun Issar, Sr. Standing C o unsel f or the appellant/Revenue.
M r. Ved Jain, Advocate (throug h VC) with M r. Viney Kumar, Advocate M r. Nischay Kantoor, Advocate M s. Soniya Dodeja, Advocate f or the respondent/NHPC.
****
SANJEEV PRAKASH SHARMA, J.(Oral)
“ 2. As a step tow a rds management of l itigation, it has been decided b y the Board to revise
MOHIT GOYAL 2024.10.18 14:28 I attest to the accuracy and integrity of this document
ITA-58-2020 (O&M)
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t he monetary limits for filing of appeals in Income-tax c ases as stated in Para 4.1 o f the aforementioned C ircular as follows:
| S l. No. |
Appeals/SLPs in I ncome-tax |
Monetary Limit |
|---|---|---|
| matters | (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 paragraph 2 above w ith regard to filing appeal/SL P shall be applicable to a ll cases including those relati n g to TDS/TCS under t he Income-tax Act, 1961 with e x ceptions as per paras 3 .1 and 3.2 of Circular No 5/2 0 24 dated 15.03.2024, w here the decision to appeal/file SLP shall be taken on m erits, without regard to th e tax effect and the m onetary limits.”
MOHIT GOYAL 2024.10.18 14:28 I attest to the accuracy and integrity of this document
ITA-58-2020 (O&M)
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as withdrawn.
(SANJEEV PRAKASH SHARMA) JUDGE
(ALOK JAIN) JUDGE
October 15, 2024
Mohit goyal
1. Whether speaking/reasoned? Yes/No 2. Whether reportable? Yes/No
MOHIT GOYAL 2024.10.18 14:28 I attest to the accuracy and integrity of this document
The Pr. Commissioner of Income Tax Faridabad
M/s NHPC Ltd
Sanjeev Prakash Sharma
Alok Jain
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
