Pr Commissioner Of Income Tax 2 Mumbai v. Laffans Petrochemicals Ltd Ay 2014-15 ITA 2552/Mum/2021 Revenue

418-419-ITXA-923-925-2025.DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.11.15 11:41:57 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL(IT) NO. 923 OF 2025 Pr Commissioner Of Income Tax 2 Mumbai ...Appellant

Versus

Laffans Petrochemicals Ltd AY 2014-15 ITA 298 Mumbai 2022 Assessee

...Respondent

WITH INCOME TAX APPEAL(IT) NO. 925 OF 2025 Pr Commissioner Of Income Tax 2 Mumbai ...Appellant

Versus

Laffans Petrochemicals Ltd Ay 2014-15 ITA 2552 Mumbai-2021 Revenue

...Respondent

______________________________________________________ Ms. Samiksha Kanani, a/w Ms. Gayatri Naik for Appellant. Ms. Asavari Kadam (Thr. VC) for Respondent in ITXA/923/2025.

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

DATED : 10 November 2025 P.C.:- 1.

The tax effect in both these Appeals is less than Rs.2 Crores. The Appeal memo does not refer to any exception. Ms. Kanani reports no instructions.

2.

Accordingly, we dispose of these Appeals on the ground of low tax effect by leaving the questions of law open.

418-419-ITXA-923-925-2025.DOCX 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 to the CBDT Circular, liberty is granted to apply for revival/restoration within a reasonable time, i.e., on or before 31 January 2026.

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