Tax appeal dismissed as non-maintainable due to low tax effect under CBDT Circular No. 09/2024 monetary threshold policy SC dismissed the revenue authority's tax appeal as non-maintainable on account of the low monetary value involved. Applying Circular No. 09/2024 dated ...
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Tax appeal dismissed as non-maintainable due to low tax effect under CBDT Circular No. 09/2024 monetary threshold policy
SC dismissed the revenue authority's tax appeal as non-maintainable on account of the low monetary value involved. Applying Circular No. 09/2024 dated 17.09.2024, the Court held that the "tax effect" in dispute fell below the prescribed monetary threshold for filing appeals, and therefore continuation of the proceedings was impermissible. The dismissal was expressly confined to the monetary limit policy and was made without adjudicating or expressing any opinion on the substantive merits of the underlying tax dispute between the revenue department and the assessee.
The Supreme Court addressed an appeal arising under the Income Tax framework and disposed of it solely on the basis of the Central Board of Direct Taxes (CBDT) monetary limits policy. The Court noted that, in view of Circular No. 09/2024 (F.No.279/Misc./M-74/2024-ITJ) dated 17.09.2024, "the tax effect in instant appeal is less than the monetary limit fixed." Relying on this administrative threshold for filing and pursuing appeals, the Court dismissed the appeal purely on that ground, expressly clarifying that it was doing so "without expressing any opinion on the merits." All pending applications connected with the matter were also ordered to "stand disposed of."
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