9911796707
TMI Blog2025 (2) TMI 835X X X X Extracts X X X X X X X X Extracts X X X X ..... e tax effect in these appeals is less than Rs. 2 Crores; therefore, these appeals should be disposed of - HELD THAT:- As held in V.M. Salgaonkar and Brothers (P.) Ltd [2024 (12) TMI 717 - BOMBAY HIGH COURT] concerning M/s IPL Loan Trust and connected matters [2025 (2) TMI 453 - BOMBAY HIGH COURT] and Axis AD Print Media (India) Ltd.) [2025 (2) TMI 770 - BOMBAY HIGH COURT] and connected appeals hol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eals without any cost orders.
These appeals are disposed of because the tax effect is within the monetary limits set out by the CBDT. X X X X Extracts X X X X X X X X Extracts X X X X ..... er dated 20 August 2018, in which these appeals would fall within the exempted category. 5. Mr Suresh Kumar finally submitted that the tax effect in these appeals was beyond the prescribed monetary limits and, in any event, fell within the exempted category provided in the CBDT letter dated 20 August 2018. Therefore, he submitted that the assessee's objection may be overruled in these two appeals ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons. However, these appeals were filed because they were beyond the monetary limits prescribed then. The monetary limits have now been revised. These revised monetary limits would also apply to the pending appeals as held in the above precedents. By applying the revised monetary limits to the pending appeals and noting that the exception upon which the Revenue relies was unavailable before 20 Augu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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