Chhattisgarh HC dismisses Income Tax Appeal as Tax Liability Below Rs. 2 Crore Limit

ACIT Vs Vandana Ispat Ltd (Chhattisgarh High Court) Chhattisgarh High Court disposes of an income tax appeal against Vandana Ispat Ltd, citing a new government circular that raises the monetary limit for filing appeals to ₹2 crores. Chhattisgarh High Court on Income Tax Appeal Monetary Limit The Chhattisgarh High Court has disposed of an income tax appeal filed by the Assistant Commissioner of Income Tax (ACIT) against Vandana Ispat Ltd. The decision was based on a new circular issued by the Ministry of Finance dated September 17, 2024. This circular revised the monetary limits for the Inco...