Commissioner of Income Tax I v. M/S Mahavir Spinning Mills Ltd.
Case brief
What is this about?
Punjab & Haryana High Court; ITA-37-2004 (O&M); Section 260A Income Tax Act 1961; withdrawal of tax appeal; CBDT circular No.9 of 2024 dated 17.09.2024; tax effect under Rs.2 crores; monetary limit for appeals; ITAT Chandigarh Bench 'A' order dated 30.07.2003; Commissioner of Income Tax-1 Ludhiana vs Mahavir Spinning Mills Ltd; appeal disposed as withdrawn; oral judgment Lisa Gill J.
What did the court decide?
Appeal withdrawn by the appellant-CIT pursuant to counsel's stated instructions, in view of CBDT circular No.9 of 2024 dated 17.09.2024 (tax effect under Rs.2 crores); appeal disposed of accordingly. ¶14