DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(2), KOLKATA, AAYAKAR BHAWAN POORVA vs. REGENT HIRISE PRIVATE LIMITED, KOLKATA

Per Bench : Both these appeals filed by the revenue are against the separate orders of the Ld. Commissioner of Income Tax (Appeals), Kolkata-27 [hereinafter referred to as “the Ld. CIT(A)”] vide order nos. ITBA/APL/S/250/2023-24/1059223500(1) & ITBA/APL/S/250/2023- 24/1059223152(1) dated 30.12.2023 passed u/s. 250 of the Income Tax Act, 1961 (hereinafter referred to as “the Act”) for AYs 2014-15 and 2012- 13. 2. None appeared on behalf of the assessee and Shri Praveen Kishore, CIT, DR appeared on behalf of the revenue. 3. It is seen, at the outset, in both the cases that the tax effect on the disputed additions before us is less than Rs. 60 lakh as prescribed in the Regent Hirise P. Ltd., AYs: 2014-15 & 2012-13

CBDT’s latest Circular No. 09/2024 dated 17.09.2024 for filing appeals by the Revenue before this Tribunal.
31. 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 both these appeals is less than the prescribed monetary limit of Rs. 60 lakh.
5. In view of above stated position, both these appeals of the Revenue are 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, both the appeals of the revenue are dismissed.
Order pronounced in the open court. (Rakesh Mishra)
Judicial Member

Dated: 26th February, 2025
JD, Sr. P.S.

Copy to:
1. The Appellant: DCIT, Central Circle-4(2), Kolkata
2. The Respondent. Regent Hirise Pvt. Ltd.
3. CIT(A), Kolkata-27. 4. Pr. CIT
5. DR, ITAT, Kolkata Bench, Kolkata
6. Guard file.By Order