DEPUTY COMISSIONER OF INCOME TAX, CIRCLE- 13(1), NEW DELHI, NEW DELHI vs. PARDUYMAN KUMAR SHARMA, ROWENA SHARMA LEGAL HEIR, NEW DELHI
Income Tax Appellate Tribunal, DELHI BENCH: ‘SMC’ NEW DELHI
Before: MS MADHUMITA ROYAssessment Year: 2011-12 DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 13(1), NEW DELHI Vs. PRADUYMAN KUMAR SHARMA, ROWENA SHARMA, LEGAL HEIR, S-32, KUBER HOUSE, GREATER KAILASH PART-1, NEW DELHI-110048 PAN :ABIPS8092F (Appellant)
PER MADHUMITA ROY, JUDICIAL MEMBER
This is an appeal preferred by the revenue against the order of the Learned Commissioner of Income Tax(Appeals)-National
Faceless Appeal Centre(NFAC), New Delhi, (hereinafter referred to as the “Ld CIT(A”) dated 06.03.2024 for the Assessment Year
2011-12. 2. At the outset, the Learned Counsel for the assessee submitted that the CBDT has issued a Circular No. 9/2024 dated
17.09.2024, whereby the monetary limits for filing of appeal by the Department before Income Tax Appellate Tribunal and High
Courts and SLP before Supreme Court have been increased as a Assessee by Shri P S Kashyap, CA
Department by Shri Sanjay Kumar, SR, DR
Date of hearing
21.10.2024
Date of Pronouncement
01.01.2025
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measure for reducing Litigation. The revised monetary limits laid down in para-2 of this Circular are as follows:
i)
Before Appellate Tribunal Rs. 60,00,000/- ii)
Before High Court Rs. 2,00,00,000/- iii)
Before Supreme Court Rs. 5,00,00,000/-
In the present case, the tax effect by the revenue is less than Rs.60,00,000/-, and thus the appeal preferred by the Revenue is found to be not maintainable. 4. As a matter of caution, we observe that if the Revenue finds at a later point of time that the tax effect in the appeal is more than Rs.60 lakhs or despite low tax effect, the appeal of the revenue is maintainable, the revenue is at liberty to move this Tribunal for recalling of this order. 5. In the result, the appeal of the revenue is dismissed.
Order pronounced in the open court on 01.01. 2025. (MADHUMITA ROY)
JUDICIAL MEMBER
Dated: 01.01.2025
DP/SPS