DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), KOLKATA, KOLKATA vs REFORM TOOLS PVT LTD, KOLKATA

Income Tax Appellate Tribunal, KOLKATA ‘A’ BENCH, KOLKATA

Before: SRI SANJAY GARG & SRI SANJAY AWASTHI

For Respondent: DR. Assessee represented by: None

order

: September 30th, 2024 ORDER

Per Sanjay Garg, Judicial Member:

The present appeal filed by the Revenue is directed against the order dated 18.01.2024 of the Commissioner of Income Tax (Appeals)- 21, Kolkata [hereinafter referred to as ld. 'CIT(A)'].

It is seen, at the outset, that the tax effect on the disputed additions before us is less than Rs. 60 lakh as prescribed in the CBDT’s latest Circular No. 09/2024 dated 17.09.2024 for filing appeals by the Revenue before this Tribunal.

I.T.A. No.: 1645/KOL/2024 Assessment Year: 2019-20 Reform Tools Pvt. Ltd. 2.1. This circular prescribes that the revised monetary limits shall apply retrospectively to pending appeals as well.

The ld. DR has also fairly stated that tax effect involved in appeal is less than the prescribed limit.

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), KOLKATA, KOLKATA vs. REFORM TOOLS PVT LTD, KOLKATA