DEPUTY COMMISSIONER OF INCOMETAX, CHENNAI vs. HINDUSTAN INSTITUTE OF TECHNOLOGY AND SCIENCE, CHENNAI

Through the aforesaid appeal the assesse has challenged order u/s 250 dated 09.01.2024 passed by NFAC, Delhi.

0 In this case we take judicial notice of circular No.09/2042 dated 17.09.2024 issued by CBDT, whereby the threshold limits for filing of appeals by the Revenue before Hon’ble Apex Court, High Court and the :- 2 -: ITATs have been modified. Thus, appeals before the ITAT are only maintainable in case where tax effect involved exceeds Rs.60 lakhs. It has also been noted that as per para-5 of the impugned circular, this threshold limit is also applicable in respect of all pending appeals before the said appellate authorities. Perusal of Form 36 appended shows that the appeal of the revenue is non-maintainable as the tax effect involved therein is Rs.51,54,120/- and which is less than Rs.60 lakhs. Accordingly, the appeal filed by the revenue is dismissed.

0