Principal Commissioner Of Income Tax-I, New Central Revenuebuilding Statue Circle, Jaipur (Raj v. M/S K.s. Capital Services Private Limited, National Motorsbuilding M.i. Road, Near Government Hostel Jaipur. Pan

HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR D.B. Income Tax Appeal No. 63/2024 Principal Commissioner Of Income Tax-I, New Central RevenueBuilding Statue Circle, Jaipur (Raj.). ----Appellant Versus M/s K.S. Capital Services Private Limited, National MotorsBuilding M.I. Road, Near Government Hostel Jaipur. PAN/GIR No. . ----Respondent For Appellant(s) : Mr. Anuroop Singhi, Adv. with Mr. N.S. Bhati, Adv. &Mr. Aditya Khandelwal, Adv. For Respondent(s): HON'BLE MR. JUSTICE AVNEESH JHINGAN HON'BLE MR. JUSTICE ASHUTOSH KUMAR Judgment / Order 03/07/2024 1.This appeal is filed against order of the Income Tax AppellateTribunal, Jaipur dated 28.06.2023. The tax quantum involved inthe appeal is Rs.72,107/-. 2.The issue involved is with regard to claiming of deductionunder Section 37 of the Income Tax Act, 1961 of the interest paidon delayed payment of service tax. The appeal does not fall withinthe exception carved out in the circular issued by the CentralBoard of Direct Taxes dated 15.03.2024. There is no opinion of theBoard that it is necessary to contest the matter in the interest ofjustice or revenue. The circular dated 15.03.2024 is insupersession to all earlier circulars. It is clarified that the appeal is dismissed on account of monetary limit and the substantial question of law is kept open. The appeal is dismissed. (ASHUTOSH KUMAR),J (AVNEESH JHINGAN),J Mohita/Riya-57