ITAT Dismisses Revenue’s Appeal Against Sun Gold Capital Limited due to Low Tax Effect as per CBDT Circular [Read Order]

It was noted that the tax effect in the appeal was ₹52,28,913, which was below the ₹60,00,000 threshold for maintainability under the CBDT Circular

By Sneha Sukumaran Mullakkal - On March 5, 2025 8:22 am - 2 mins read

ITAT - ITAT Ahmedabad - Sun Gold Capital Limited case updates - TAXSCAN

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal against Sun Gold Capital Limited due to low tax effect as per Central Board of Direct Taxes (CBDT) Circular No. 09/2024. The Revenue-appellant, appealed against the order passed for the Assessment Year(AY) 2016-17 by CIT(A) in the case of Sun Gold Capital…

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