Dismissed¶15
Pr. Commissioner of Income Tax v. M/S Vishal Gems International
Income Tax Appeal – maintainability – tax effect below two crores – appeal held not maintainable in view of CBDT circular dated 17.09.2024
Rajasthan HCITA/25/2021
Case brief
AI extract
What is this about?
Rajasthan High Court (Jaipur Bench), D.B. Income Tax Appeal No. 25/2021, Pr. Commissioner Of Income Tax, Jaipur-Ii v. M/s Vishal Gems International (decided 11/03/2025). Division Bench (Avneesh Jhingan and Maneesh Sharma, JJ.) dismissed the revenue's appeal as not maintainable because the tax effect was below two crores under the CBDT circular dated 17.09.2024; no exception in the circular was made out; the formulated substantial question of law was kept open.
What did the court decide?
The appeal is not maintainable as the tax effect is below two crores, in view of the CBDT circular dated 17.09.2024. ¶13