Principal Commissioner Of Income Tax 2 v. Jet Freight Logistics Ltd

414-415-ITXA-1075-1078-2024 (OS).DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.11.07 17:11:03 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL(IT) NO. 1075 OF 2024 Commissioner Of Income Tax 2 ...Appellant

Versus

Sanjay Shantilal Jain

...Respondent

WITH INCOME TAX APPEAL(IT) NO. 1078 OF 2024 Principal Commissioner Of Income Tax 2

...Petitioner

Versus

Jet Freight Logistics Ltd.

...Respondent

______________________________________________________ Mr. N.C. Mohanty, for Appellant.

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

DATED : 6 November 2025 P.C.:- 1.

The tax effect in these cases is less than Rs.2 Crores. However, Mr. Mohanty reports no instructions. 2.

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

3.

If, at the later stage, it is found that the tax effect is greater than Rs. 2 Crores or that the matters fall within any of the exceptions to the CBDT Circular, liberty is granted to apply

414-415-ITXA-1075-1078-2024 (OS).DOCX for revival/restoration within a reasonable time, i.e., on or before 31 January 2026.

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