ASSISTANT COMMISSIONER OF INCOME TAX-4(1)(1), MUMBAI, MUMBAI vs. BNP PARIBAS INDIA SOLUTIONS PVT. LTD, MUMBAI

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)"] pertaining to assessment order passed u/s. 143(3) of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 28.03.2016 for the Assessment Year [A.Y.] 2012-13.", "summary": { "facts": "The Revenue preferred an appeal against the order of the CIT(A). The assessee's representative argued that the appeal should be dismissed due to low tax effect, citing a revised CBDT circular. The tax effect was calculated to be Rs. 23,82,536/-, which is below the prescribed monetary threshold.", "held": "The Tribunal considered the tax effect calculated by the assessee's representative and found it to be below the threshold of Rs. 60,00,000/-. In line with the revised CBDT Circular No. 09/2024, the Tribunal decided to dismiss the Revenue's appeal.", "result": "Dismissed", "sections": [ "143(3)", "195", "9(vii)" ], "issues": "Whether the Revenue's appeal should be dismissed on the grounds of low tax effect, in accordance with the revised CBDT Circular No. 09/2024." } }