The court allowed the appellant's prayer for withdrawal based on Government of India notifications regarding enhanced monetary limits for tax appeals.
The appeal is dismissed as withdrawn with all pending applications also standing dismissed as withdrawn.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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1. C ounsel for the appellant subm i ts that in terms of the Circula r bearing No.9/2024 dated 17.09.2024 issue d by the Government of India , Ministry of F i nance, Department of Revenue , Central Board of Direct Taxes , the monetary limits for filing of the appeal s by the department before th e ITAT, High C ourt and SLPs/Appeals befor e the Supreme Court have 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 been d ecided by the Board to revise t he monetary limits for filing of a ppeals 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 2024.10.23 15:45 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also appl y to the appeals pending before the Supreme Court, High Cour t and Tribunal, which have been directed to be withdrawn.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 2024.10.23 15:45 I attest to the accuracy and integrity of this document
1 issue framed by the court
Territorial applicability of Enhanced Monetary Limits for appeals under Circular No.9/2024.
1 provisions across 1 enactments
Appellant
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
