VINOD RAMCHANDRA JADHAV,PUNE vs. DCIT, CC-2(1), PUNE, PUNE

The Learned Counsel for the Assessee, at the outset, submitted that the tax effect involved in the grounds raised by the Revenue is below Rs.60 lakhs. He accordingly submitted that the appeal filed by the Revenue is not maintainable as per CBDT’s latest Circular no.F.No.279/Misc./M-74/2024-ITJ dated 17.09.2024 wherein the CBDT has prescribed the tax limit up-to 60 lakhs even for the pending appeals before the Tribunal. He submitted that he does not want to press the appeal filed by the assessee. 3. The Learned DR fairly conceded that the tax effect involved in the grounds of appeal raised by the Revenue is below Rs.60 lakhs. 4. In view of the above submissions made by both the sides and considering the fact that the tax effect involved in the Revenue’s appeal is admittedly below Rs.60 lakhs, the appeal of the Revenue is dismissed being not maintainable. The appeal filed by the Assessee is also dismissed in view of the submission of the Learned Counsel for the assessee. 5. In the result, appeal filed by the Revenue and appeal filed by the Assessee are dismissed. A copy of this common order be placed in the respective case files.