INCOME TAX OFFICER, WARD-3, KHANNA, KHANNA vs. THE SAHNEWAL KHURD CO-OP AGRI SERVICE SOCIETY LIMITED, VILLAGE SAHNHEWAL KHURD
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आदेश/Order Per Krinwant Sahay, A.M.:
Appeal in this case has been filed by the Revenue against the order of the ld. CIT(A) NFAC, Delhi dated 07.03.2024 pertaining to assessment year 2017-18.
It is noted that the tax effect involved in the present appeal is below the prescribed monetary limit of Rs. 60 lacs for filing the appeal before the Tribunal. Accordingly, in
507-Chd-2024 The Sahnewal Khurd Co-op Agri Service Society Ltd, Ludhiana 2
terms of the CBDT Circular No.09/2024 dated 17.09.2024, wherein the Department has specified the monetary limit for an appeal to be filed by the Revenue before the ITAT as Rs. 60 lacs, the appeal so filed by the Revenue is not maintainable.
In view of the above facts and circumstances, the present appeal filed by the Department is dismissed due to low tax effect with a liberty to seek recall in case the matter falls under any of the exceptions so carved out in the aforesaid circular.
It is, however, clarified that the dismissal of the above appeal shall not be taken to be affirmation of the order of the CIT(A) on merits. The legal issue raised by the Revenue is being left open to be adjudicated in an appropriate case.
In the result the appeal of the Revenue is dismissed.
Order pronounced on 26.11.2024.
Sd/- Sd/- ( RAJPAL YADAV ) ( KRINWANT SAHAY) Vice President Accountant Member “आर.के.”
507-Chd-2024 The Sahnewal Khurd Co-op Agri Service Society Ltd, Ludhiana 3
आदेश क� ��त�ल�प अ�े�षत / Copy of the order forwarded to : 1. अपीलाथ�/ The Appellant 2. ��यथ�/ The Respondent 3. आयकर आयु�त/ CIT 4. �वभागीय ��त�न�ध, आयकर अपील�य आ�धकरण, च�डीगढ़/ DR, ITAT, CHANDIGARH 5. गाड� फाईल/ Guard File आदेशानुसार/ By order, सहायक पंजीकार/ Assistant Registrar