ITAT Dismisses Revenue Appeal Due to Low Tax Effect – Circular No. 5/2024

ITO Vs M.P. Police Sakh Sahakari Sanstha Maryadit (ITAT Indore)

Income Tax – Appeals – Low Tax Effect – Maintainability – Circular No. 5/2024 Superseding Earlier Circulars – Exception for Audit Objections Removed – Appeals Dismissed

In a significant ruling, the Indore Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeals filed by the Income Tax Officer (ITO) against M.P. Police Sakh Sahakari Sanstha Maryadit. The appeals, which pertained to Assessment Years 2014-15 and 2015-16, were found to be non-mainta

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