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Calcutta HC Dismisses Tax Appeal Below ₹2 Crore Limit for Failure to Show CBDT Exception Applies
Case Law Details
- Case Name
- PCIT Vs Hilton Commodities Pvt Ltd (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Calcutta High Court
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PCIT Vs Hilton Commodities Pvt Ltd (Calcutta High Court)
The Calcutta High Court condoned a delay of 118 days in filing the appeal after being satisfied with the explanation, allowing the application. The appellant submitted that the tax effect of Rs.1,22,97,242 was below the monetary limit prescribed under Central Board of Direct Taxes Circular No. 09/2024and Circular No. 5/2024 but claimed the case fell under an exceptional category specified in para 3.1(h) of Circular No.5/2024.
Upon examining the records, including the assessment order, appellate order, and Tribunal’s order dated 24.02.2...
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