Income Tax Appeal Dismissed Due to Low Tax Effect: Chhattisgarh HC

ACIT Vs B.L. Agrawal (Chhattisgarh High Court) Chhattisgarh High Court heard the appeal of ACIT vs. B.L. Agrawal, challenging the order passed by the Income Tax Appellate Tribunal (ITAT) and the Commissioner of Income Tax (Appeals) for the assessment year 2009-2010. The issue arose from the assessment order passed by the Assistant Commissioner of Income Tax. During the hearing, the appellant’s counsel referred to the Government of India’s new circular, issued on September 17, 2024, which raised the monetary limits for filing income tax appeals to Rs. 2 Crores for High Courts. The c...