Dept Appeal not maintainable before HC if tax demand is less than ₹2 crore: Rajasthan HC

PCIT Vs Pratap Technocrats Private Limited (Rajasthan High Court) The Rajasthan High Court dismissed the appeal filed by the Principal Commissioner of Income Tax (PCIT) against Pratap Technocrats Private Limited under Section 260A of the Income Tax Act. The dispute originated when PCIT challenged the deduction of ₹3.01 crore under Section 80JJAA, which the assessee had claimed for the Assessment Year 2018-19. The PCIT argued that the deduction should be disallowed since Form 10DA was not submitted with the income tax return. However, the Income Tax Appellate Tribunal (ITAT) had earlier ruled...