Iapl/24/2018 Of Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd
High Court
06 Oct 2021 In favour of: Assessee
Forum / Bench
High Court · cisdb_16012018
Parties
Iapl/24/2018 Of Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd
Date of order
06 Oct 2021
Assessment year(s)
2013-14
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Iapl/24/2018 Of Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.
Decision: The above position being admitted to the parties, thepresent appeal is dismissed for reason of the disputedtax being below threshold limit.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Case :- INCOME TAX APPEAL No. - 24 of 2018
Appellant :- Principal Commissioner Of Income Tax And AnotherRespondent :- M/S Panchsheel Realtech Pvt. Ltd.Counsel for Appellant :- Ashish AgrawalCounsel for Respondent :- S.P. Nigam,Suresh Singh
Hon'ble Naheed Ara Moonis,J.Hon'ble Saumitra Dayal Singh,J.
1. Heard Sri Ashish Agrawal, learned counsel for therevenue and Sri S.P. Nigam, learned counsel for theassessee.
2. Present appeal has been filed by the revenue underSection 260-A of the Income Tax Act, 1961 arising fromthe order of the Income Tax Appellate Tribunal, DelhiBench "F", New Delhi dated 22.06.2017 passed in IncomeTax Appeal No.5066/Del/2016 for A.Y. 2013-14.
3. At the outset, it has been stated at the Bar that therevenue involved in the present appeal is below themonetary limit of Rs.1 crore set by the CBDT vide itsCircular No.17/2019 [F.No.279/Misc.142/2007-ITJ(Pt)],dated 8 August 2019.
4. In view of the above, it is stated that the present appealis not maintainable as the appeal is below monetary limit.
5. The above position being admitted to the parties, thepresent appeal is dismissed for reason of the disputedtax being below threshold limit.
Order Date :- 6.10.2021Abhilash
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