Pr Commissioner Of Income Tax 17 v. Poonam Mega Developers

21-ITXA-311-2025.DOCX Chaitanya

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 311 OF 2025 Digitally signed by CHAITANYA ASHOK JADHAV Date:

2025.12.12 11:27:52 +0530 CHAITANYA ASHOK JADHAV Pr. Commissioner of Income Tax-17 ... Appellant

Versus

Poonam Mega Developers ... Respondent ______________________________________________________ Mr. Suresh Kumar, for Appellant.

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

DATED : 10 December 2025 PC:- 1.

The tax effect in this case is less than Rs. 2 crores. However, Mr. Suresh Kumar relies on the exception in paragraph 3.1(h) of Circular No. 05 of 2024 dated 15 March 2024.

2.

Considering the law laid down by the Co-ordinate Bench in the case of Commissioner of Income Tax Vs. V. M. Salgaonkar and Brothers (P) Ltd.1 and this Court's order dated 10 December 2025, disposing of Income Tax Appeal No. 921 of 2024, in the case of Pr. Commissioner of Income Tax-2 Vs. Luhariwala Finance and Investment Pvt. Ltd., we dispose of this case on the ground of low tax effect, by leaving the questions of law open. (Advait M. Sethna, J.) (M.S. Sonak, J.) (2024) 169 taxmann.com 597 (Bombay)