Income Tax Appeal Rejected Due to Low Tax Effect & Lack of Exceptional Circumstances

PCIT Vs Ahinsha Management Private Limited (Calcutta High Court) The Calcutta High Court dismissed an appeal filed by the Income Tax Department where the tax effect was Rs.26,17,600, below the monetary threshold prescribed under CBDT Circular No.9/2024 and Circular No.5/2024. Although the Revenue argued that the matter fell within the “exceptional category” under paragraph 3.1(h) of the circular, the Court found that no specific exceptional clause applicable to the case had been clearly identified. While condoning a delay of 204 days in filing the appeal, the Court held that there was no r...