2025 (8) TMI 975

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....e Respondent: Adv. Atul K. Jasani,. P.C. 1. The above Appeal has been placed on board "for directions" today because we have found that the tax effect in this Appeal is less than Rs.2 Crores as stated in the CBDT Circular No. 09 of 2024 dated 17th September 2024. 2. Mr. Suresh Kumar, the learned Counsel appearing on behalf of the Revenue, submitted that the present Appeal was filed in May....

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....ve considered the Revenue's contentions. The precedent on this subject/contention of the Revenue, is set out in the case of the Principal Commissioner of Income Tax v/s Premier Industrial Corporation Ltd [(2025) 172 Taxmann.com 289 (Bom)]. Paragraphs 7 and 8 of this decision read thus:- "7. The CIT v. V. M. Salgaonkar and Brothers (P) Ltd. [2024] 169 taxmann.com 597 (Bombay), our orders d....

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....to the pending appeals as held in the above precedents. By applying the revised monetary limits to the pending appeals and noting that the exception upon which the Revenue relies was unavailable before 20 August 2018, we uphold the objection on behalf of the assessee and dispose of these two appeals without any cost orders". (emphasis supplied) 5. As can be seen from this reproduction,....