ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), KOLKATA, KOLKATA vs. ESKAG PHARMA PVT. LTD., KOLKATA
Income Tax Appellate Tribunal, KOLKATA ‘B’ BENCH, KOLKATA
Before: SRI SANJAY GARG & SRI SANJAY AWASTHI
Per Sanjay Garg, Judicial Member:
The present appeal filed by the Revenue is directed against the order dated 16.07.2024 of the Commissioner of Income Tax (Appeals), Kolkata-21
[hereinafter referred to as Ld. 'CIT(A)'] for Assessment Year 2019-20. I.T.A. No.: 2311/KOL/2024
Assessment Year: 2019-20
Eskag Pharma Pvt. Ltd.
Page 2 of 2
It is seen, at the outset, 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 appeals by the Revenue before this Tribunal. 2.1. This circular prescribes that the revised monetary limits shall apply retrospectively to pending appeals as well. 3. The Ld. DR has fairly admitted that tax effect involved in this appeal is less than the prescribed monetary limit of Rs. 60 lakh. 4. 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). 5. In the result, the appeal of the revenue is dismissed. Order pronounced in the open Court. [Sanjay Awasthi] ` [Sanjay Garg] Accountant Member
Judicial Member
Dated: 15.01.2025
Jd., Sr.P.S)
Copy of the order forwarded to:
Appellant – ACIT, Circle-3(2), Kolkata 2. Respondent – Eskag Pharma Pvt. Ltd. 3. CIT(A), Kolkata-21 4. Pr. CIT- 5. CIT(DR), Kolkata Benches, Kolkata. //// By order