Pr Commissioner Of Income Tax 2 v. Bse Ltd

425-ITXA-161-2025.DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.10.10 11:33:26 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (IT) NO. 161 OF 2025 Pr Commissioner of Income Tax 2 ...Appellant

Versus

BSE Ltd.

...Respondent

_________________________________________________________________ Mr. Mandar Vaidya for Respondent.

_________________________________________________________________ CORAM : M.S. Sonak & Advait M. Sethna, JJ.

DATED : 8 October 2025 P.C.:- 1.

None for the Appellant and Mr. Mandar Vaidya appears for the Respondent.

2.

The tax effect in this case is less than Rs.2 Crores. Accordingly, we dispose of this Appeal on the ground of low tax effect, leaving open all the questions of law raised in the Appeal.

3.

If, at the later stage, it is found that the tax effect is greater than Rs. 2 Crores or that the matter falls within any of the exceptions in the CBDT Circular, liberty is granted to apply for revival/restoration within a reasonable time, i.e., on or before 31st January 2026. (Advait M. Sethna, J) (M. S. Sonak, J.)