Tax effect is less than 60 Lakh in appeal by revenue: ITAT held not maintainable

DCIT Vs Coforge Ltd. (ITAT Delhi) Appeal was filed by revenue for AY 2016-17 against order passed by CIT (A) who deleted the adjustment of Rs.  1,18,14,779/- on account of interest charged on outstanding receivable from the AEs to the income of the assessee even when the provisions of section 92B have been amended by The Finance Act, 2012 with retrospective amendment from 01.04.2002. It was submitted of behalf of assessee that the appeal filed by the Revenue is hit by recently issued CBDT Circular No.09 of 2024 dated 17.09.2024 revising the previous thresholds pertaining to tax effects. As pe...