ACIT, CENTRAL CIRCLE-1, NASHIK, NASHIK vs. ARIHANT MARBLES CO, NASHIK

This Revenue’s appeal for AY 2018-19 arises against the CIT(A), Pune-12’s order dated 23-02-2024 passed in case No. ITBA/APL/S/250/2023-24/1061405982(1) in proceedings under Section 250 of the Income Tax Act, 1961, in short ‘the Act’.

It emerges during the course of hearing that the tax effect in the revenue’s instant appeal as per Form No.36 is Rs.57,95,242/-, i.e., less than the prescribed tax effect of Rs.60.00 lakhs in view of CBDT’s latest Circular No.09/2024, dated 17.09.2024 applicable with retrospective effect to all pending appeals as well. This clinching factual position has gone unrebutted from the departmental side. We thus dismiss the Revenue’s instant appeal for the very precise reason subject to all just exceptions.

This Revenue’s appeal is dismissed in very terms.