THE PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. BOOTHNATH VINTRADE PRIVATE LIMITED

In the result, the appeal of the assessee is allowed

Bench: HON'BLE JUSTICE RAJARSHI BHARADWAJ,HON'BLE JUSTICE UDAY KUMAR

21 lakhs i.e. much below the threshold limit of Rs. 1 crore as per Circular No. 5 of 2025 dated 15th March, 2025, however, it falls within the exception clause. Perused the order of the Tribunal. From the order of the Tribunal, it is observed that: 5. We have heard the rival contentions and gone through the records. From