Departmental tax appeal withdrawn by the court in view of CBDT Circular No.9/2024 dated 17.09.2024 enhancing monetary limits for filing appeals, the case not falling within the exceptions of Circular No.5/2024.
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1. C ounsel for the appellant subm i ts that in terms of the Circula r issued by th e Government of India, Minis t ry of Finance, Department o f Revenue, C e ntral Board of Direct Tax e s dated 17.09.2024 bearin g No.9/2024, t h e monetary limits for filing o f the appeals by the departmen t before the ITAT, High Court and SLPs bef o re the Supreme Court has bee n enhanced an d the Circular No.5/2024 has be e n amended and following step s have been ta k en with the purpose to manage litigations:
“ 2. As a step towards ma n agement of litigation, it has b een decided by the Board to revis e the monetary limits for filing o f appeals in Income-tax cases a s stated in Para 4.1 of the a forementioned Circular as follow s :
| S l. No. |
Appeals/SLPs in Income-t ax matters |
Monetary Limit |
|---|---|---|
| (Tax effect in Rs.) | ||
| 1 . |
Before Income Tax Tribunal Appellate |
60 lakh |
| 2 . |
Before High Court | 2 crore |
| 3 . |
Before Supreme Court | 5 crore |
Suresh Kumar 2024.10.16 10:48 I attest to the accuracy and integrity of this document
Page 2 of 2
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3. Monetary limits given in paragraph 2 above with r egard to filing appeal/SLP shal l be applicable to all cases i n cluding those relating to TDS/T C S under the Income-tax Act, 1 961 with exceptions as per para s 3.1 and 3.2 of Circular No 5 /2024 dated 15.03.2024, where t h e decision to appeal/file SLP s hall be taken on merits, without r e gard to the tax effect and the m onetary limits.”
2. T he modifications have come into effect from the date o f issuance of Circular i.e. 17.09.2024, a n d therefore shall apply t o SLPs/appeals to be filed before the Supreme Court, High Court and Tribuna l and also appl y to the appeals pending before the Supreme Court, High Cour t and Tribunal, which have been directed to be withdrawn.
3. I n view of aforesaid Circular N o.09/2024 dated 17.09.2024, a s the case doe s not fall within the exception clause of Circular No.5/2024 , learned coun s el prays for withdrawal of the p r esent appeal.
4. A ccordingly, we allow the pra y er as above, and the appeal i s dismissed as w ithdrawn.
5. A ll pending applications also stand dismissed as withdraw n
accordingly.
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Suresh Kumar 2024.10.16 10:48 I attest to the accuracy and integrity of this document
1 issue framed by the court
Whether the tax appeal should be withdrawn in view of the revised monetary limits under CBDT Circular No.9/2024 dated 17.09.2024.
1 provisions across 1 enactments
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
