Chhattisgarh HC Disposes of Income Tax Appeal Due to Revised Monetary Limit

DCIT Vs Sanjay Agrawal (Chhattisgarh High Court) Chhattisgarh High Court has disposed of an income tax appeal filed by the Deputy Commissioner of Income Tax (DCIT) against Sanjay Agrawal, citing a recent circular from the Ministry of Finance that increased the monetary limit for filing appeals before High Courts. The court noted that the tax effect in the present case falls below the newly prescribed threshold of ₹2 crore. During the hearing, the counsel for the appellant informed the court about the Circular No. 9/2024 (F.No.279/Misc.142/2007- ITJ(Pt)) dated September 17, 2024, issued by th...