2025 (2) TMI 835

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..... r Suresh Kumar,. For the Respondent in ITXA/2061/2018: Mr Ajay R Singh, a/w Mr Akshay Pawar,. PC:- 1. Heard learned counsel for the parties. 2. Learned counsel for the assessee submits that the tax effect in these appeals is less than Rs. 2 Crores; therefore, these appeals should be disposed of. 3. Mr Suresh Kumar, learned counsel for the Revenue, submitted that the present appeals, i.e. I .....

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..... d, in any event, fell within the exempted category provided in the CBDT letter dated 20 August 2018. Therefore, he submitted that the assessee's objection may be overruled in these two appeals. 6. We have considered the rival contentions and precedents on the subject. 7. The Commissioner of Income Tax Vs. V.M. Salgaonkar and Brothers (P.) Ltd. [2024] 169 taxmann.com 597 (Bombay), our orders date .....

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..... peals 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. 9. These appeals are disposed of because the tax effect is within the monetary limits set .....

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