DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. PUNAM DEVI LAKHOTIA, KOLKATA
Before: SHRI GEORGE MATHAN & SHRI RAKESH MISHRAAssessment Year: 2020-21
Per Bench : This is an appeal filed by the revenue against the order of the Ld. Commissioner of Income Tax (Appeals), Kolkata-21 [hereinafter referred to as “the Ld. CIT(A)”] vide order no. ITBA/APL/S/250/2023- 24/1059679492(1) dated 12.01.2024 passed u/s. 250 of the Income Tax Act, 1961 (hereinafter referred to as “the Act”) for AY 2020-21. 2. Shri Praveen Kishore, CIT, DR appeared on behalf of the Appellant/revenue and Shri Miraj D. Shah, AR appeared on behalf of the assessee/Respondent. 3. It is seen, at the outset, in this case that the tax effect on the disputed additions before us is less than Rs. 60 lakh as prescribed in the CBDT’s latest Circular No. 09/2024 dated 17.09.2024 for filing appeal by the Revenue before this Tribunal.
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Punam Devi Lakhotia AY: 2020-21
This circular prescribes that the revised monetary limits shall apply retrospectively to pending appeals as well. 4. The Ld. DR has fairly admitted that tax effect involved in this appeal is less than the prescribed monetary limit of Rs. 60 lakh. 5. In view of above stated position, this appeal of the Revenue is dismissed u/s 268A of the Act because of low tax effect than the prescribed limits as per CBDT Circular No. 09/2024 (supra). 6. In the result, the appeal of the revenue is dismissed. Order dictated and pronounced in the open court. (Rakesh Mishra) Judicial Member
Dated: 27th February, 2025
JD, Sr. P.S.
Copy to:
1. The Appellant: DCIT, Central Circle-3(2), Kolkata
2. The Respondent. Smt. Punam Devi Lakhotia
3. CIT(A), Kolkata-21. 4. Pr. CIT
5. DR, ITAT, Kolkata Bench, Kolkata
6. Guard file.By Order