Iapl/22/2018 Of Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd
High Court
17 Jul 2025 In favour of: Assessee
Forum / Bench
High Court · cisdb_16012018
Parties
Iapl/22/2018 Of Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd
Date of order
17 Jul 2025
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Iapl/22/2018 Of Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
Court No. - 3
Case :- INCOME TAX APPEAL No. - 22 of 2018
Appellant :- Principal Commissioner Of Income Tax And AnotherRespondent :- M/S Panchsheel Realtech Pvt. Ltd.Counsel for Appellant :- Ashish AgrawalCounsel for Respondent :- Suresh Singh
Hon'ble Shekhar B. Saraf,J.Hon'ble Praveen Kumar Giri,J.
1. Learned counsel appearing on behalf of the appellants submitsthat the tax effect involved in this appeal is below the monetarylimit of Rs.2,00,00,000/-.
2. In light of the same, learned counsel appearing on behalf of thedepartment submits that this appeal may be dismissed aswithdrawn in view of Circular No.09/2024 dated September 17,2024, F.N.279/Misc./M-74 /2024 -ITJ, Ministry of Finance,Department of Revenue, Central Board of Direct Taxes.
3. Accordingly, the appeal is dismissed as withdrawn.
Order Date :- 18.7.2025Rakesh
(Praveen Kumar Giri J.) (Shekhar B. Saraf, J.)
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