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Facts
The Revenue appealed an order passed by the CIT(A). The assessee argued that the appeal should be dismissed due to a low tax effect, citing a revised CBDT circular with a monetary threshold of Rs. 60,00,000/-. The calculated tax effect was Rs. 23,82,536/-, which is below this threshold.
Held
The Tribunal acknowledged that the tax effect was below the prescribed monetary threshold. Following the revised CBDT Circular No. 09/2024, the Tribunal decided to dismiss the Revenue's appeal on the grounds of low tax effect.
Key Issues
Whether the Revenue's appeal should be dismissed on the grounds of low tax effect, as per the revised CBDT Circular No. 09/2024.
Sections Cited
143(3), 9(vii), 195
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Income Tax Appellate Tribunal, ITAT
Before: SHRI SANDEEP GOSAIN & SHRI PRABHASH SHANKAR
PER PRABHASH SHANKAR [A.Μ.] :- The present appeal arising from the appellate order dated 11.06.2025 is preferred by the Revenue against the order passed by the Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre, Delhi [hereinafter referred to as “CIT(A)