ASSISTANT COMMISSIONER OF INCOME TAX, DHANBAD V. MONGIA STEEL LIMITED, GIRIDIH

ITA 355/RAN/2024

AI Insights

The case involves an appeal by the A.C.I.T., Dhanbad against Mongia Steel Limited concerning the assessment year 2017-18. The appeal was directed against the order of the CIT(A), Patna-3, which was dated 11/06/2024. The primary contention raised by the assessee's representative was that the tax effect in the appeal was below the monetary threshold of Rs. 60,00,000 as per the CBDT Circular No.9/2024. Both parties acknowledged that the tax effect did not meet the required threshold for the appeal to be maintainable. Consequently, the tribunal dismissed the appeal, citing the monetary limit set by the CBDT as a reason for not proceeding with the case.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 778338 (ITAT-RANCHI)
• Duration Of Justice: 1 year(s) 1 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-10-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2017-2018
• Appeal Filed On: 30-08-2024
• Laws Referred To: CBDT Circular No.9 /2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

"IN THE INCOME TAX APPELLATE TRIBUNAL, RANCHI BENCH, RANCHI BEFORE SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER ITA No. 355/Ran/2024 (Assessment Year-2017-18) A.C.I.T., Dhanbad. Vs. Mongia Steel Limited, Burhiadih, Tundi Road, Giridih-815301 (Jharkhand) PAN No. AABCM 4621 M Appellant/ Revenue Respondent/ Assessee Assessee represented by Shri Devesh Poddar, A.R. Department represented by Shri Khub Chand Pandya, Sr.DR Date of hearing 07/10/2025 Date of pronouncement 07/10/2025 O R D E R PER: BENCH 1. This is an appeal filed by the revenue against the order of the ld. CIT(A), Patna-3, Patna in Appeal No. CIT(A), Patna-3/10784/2016-17 dated 11/06/2024 for the A.Y. 2017-18. 2. Shri Khubchand T Pandya, Sr.DR appeared for the revenue and Shri Devesh Poddar, ld AR appeared for the assessee. 3. At the very outset, ld AR submitted that in this appeal the disputed tax effect is below the threshold limited prescribed by CBDT in its Circular No.9 /2024 dated 17.9.2024, as per which, the revenue could not have filed appeal where the tax effect is below Rs.60,00,00/-. Hence, it was his prayer that the appeal of the revenue is not maintainable. Printed from counselvise.com ITA No. 355/Ran/2024 ACIT Vs Mongia Steel Ltd. 2 4. Ld Sr. DR accepted that the tax effect involved in this appeal is below the threshold limit prescribed by the CBDT vide the above circular. 5. We have considered the rival submissions. A perusal of the assessment order as well as order of ld CIT(A) shows that the tax effect in this appeal is below the monetary limit fixed by CBDT of Rs.60,00,000/- for filing of appeal by the revenue before the ITAT. As the tax effect is below Rs.60,00,000/-, we are of the view that the appeal filed by the revenue is not maintainable and consequently, same stands dismissed. 6. In the result, appeal of the revenue stands dismissed. Order announced in open court on 07/10/2025. Sd/- Sd/- (RATNESH NANDAN SAHAY) (GEORGE MATHAN) ACCOUNTANT MEMBER JUDICIAL MEMBER Ranchi, Dated: 07/10/2025 *Ranjan Copy to: 1. Assessee 2. Revenue 3. CIT 4. DR By order 5. Guard File Sr. Private Secretary, ITAT, Ranchi Printed from counselvise.com "