Pr Commissioner Of Income Tax 3 Pune v. Namrata Developers

415-ITXA-235-2024.DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.10.21 14:15:09 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL(IT) NO. 235 OF 2024 Pr Commissioner Of Income Tax 3 Pune ...Appellant

Versus

Namrata Developers

...Respondent

______________________________________________________ Mr. Vikas T. Khanchandani for Appellant.

Mr. Devendra Jain (Through VC) a/w S. Lakade, Shashank Mehta i/by Kashyap Chotani for Respondent.

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

DATED : 16 October 2025 P.C.:- 1.

The tax effect in this matter is less than Rs.2 Crores. 2.

In terms of the CBDT Circular, these Appeals ought not to be pursued by the Revenue. Mr Khanchandani, learned counsel, however, has no instructions to withdraw. 3.

Accordingly, we dispose of both these Appeals by leaving the questions of law open. However, if the Appellants find that the tax effect is greater than Rs.2 Crores or the Appeals fall within the excepted categories, the Appellants will have liberty to apply for restoration/revival. This is provided applications for restoration/revival are made within reasonable time i.e. on or before 31 January 2026.

415-ITXA-235-2024.DOCX 4.

The Appeal is disposed of with liberty in the above terms.

(Advait M. Sethna, J) (M.S. Sonak, J.)