ITAT dismisses Revenue’s Appeal as Tax Effect Falls Below Rs. 60 Lakh Limit Set by CBDT Circular [Read Order]

The Revenue was given the opportunity to seek a recall of the order if the case fell under any of the exceptions listed in the CBDT Circular

By Sneha Sukumaran Mullakkal - On November 22, 2024 8:28 am - 2 mins read

ITAT - Revenue's Appeal - Tax Effect - Set by CBDT Circular - taxscan

The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal, as the tax effect of Rs. 56,31,819 fell below the threshold limit of Rs. 60 lakh set by the Central Board of Direct Taxes ( CBDT ) Circular No. 09/2024. The Revenue-appellant had filed an appeal against the order of…

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