Pr Commissioner Of Income Tax 8 v. Manish Rajnarain Goswami

408-ITXA-1026-2024 (OS).DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.11.07 17:11:02 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL(IT) NO. 1026 OF 2024 Pr Commissioner Of Income Tax 8 ...Appellant

Versus

Manish Rajnarain Goswami

...Respondent

______________________________________________________ Mr. Dhananjay B. Deshmukh, for Appellant.

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

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

Mr. Dhananjay Deshmukh, learned counsel appears for the Appellant.

2.

The tax effect in this case is less than Rs.2 Crores. Accordingly, we dispose of this appeal on the ground of low tax effect, leaving open all the questions of law raised in the Appeal. 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.)