2025 (9) TMI 589

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....rough V.C.),. For the Respondent: Adv. Jas Sanghavi, a/w Adv. Linzy Sharan i/b PDS Legal,. P.C. 1. The above Appeal has been placed on board for directions today because we found that the tax effect in this Appeal is less than Rs. 2 Crores as set out in CBDT circular No. 9 of 2024 dated 7th September 2024. 2. The learned Advocate appearing for the Revenue submitted that when the presen....

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....id contentions of the Revenue. The precedent on these contentions of the Revenue is set out in the case of The Principal Commissioner of Income Tax Vs. 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 dated 05 February ....

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....ppeals 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." 4. As can be seen from this reproduction, this Court has time and again held that the ....