Pr Commissioner Of Income Tax 3 v. Indian Galvanics Cyrium Foils Ltd

by LAXMIKANT GOPAL CHANDAN Date:

2025.10.03 11:21:26 +0530

(428) ITXA-445.24.DOCX LAXMIKANT GOPAL CHANDAN lgc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.445 OF 2024 Pr. Commissioner of Income Tax 3 : Appellant

Versus

Indian Galvanics Cyrium Foils Ltd.

: Respondent ______________________________________________________ None for the Appellant.

Ms Anchal Vyas i/by Adv. Dharan Gandhi for the Respondent. ______________________________________________________

CORAM

M.S. Sonak & Advait M. Sethna, JJ.

DATED:

01 October 2025 PC:- 1.

The tax effect in this Appeal is less than Rs. Two Crores. Nothing is shown to us about the Appeal falling within any of the exceptions.

2.

Accordingly, in terms of CBDT Circular, we dispose of this Appeal on the ground of law tax effect, leaving open the questions of law. However, if at a later stage, the Appellant finds that the tax effect is greater than Rs. Two Crores or that the matter falls within any of the exceptions, we grant the Appellant liberty to apply for restoration. This is provided the liberty is exercised within a reasonable time i.e. on or before 31 January 2026.

3.

The Appeal is disposed of in the above terms. (Advait M. Sethna, J) (M.S. Sonak, J)