2025 (1) TMI 1498

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..... THAT:- As per submission of appellant where monetary limit (tax liability) in the present case is less than Rs. 2 Crores, therefore, in light of aforesaid circular (Para-5) dated 17/09/2024, the instant Tax Case stands disposed of.
Hon'ble Shri Justice Sanjay K. Agrawal And Hon'ble Shri Justice Sanjay Kumar Jaiswa l For the Appellant : Mr. Ajay Kumrani, Advocate appearing on behalf of .....

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..... 4 (F.No. 279 / Misc. 142 / 2007 -ITJ (Pt)) dated 15.03.2024 of Central Board of Direct Taxes (the 'Board') vide which monetary limits for filing of income tax appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLP/appeals before Supreme Court have been specified. Further, exceptions to the monetary limits were also specified vide paras 3.1 and 3.2 of the said C .....

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..... ary limits. 4. It is clarified that an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed above. Filing of appeal in such cases is to be decided on merits of the case. The officers concerned shall keep in mind the overall objective of reducing unnecessary litigation and providing certainty to taxpayers on their Income-tax assessments while t .....

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