Pr Commissioner Of Income Tax 6 Mumbai v. Aadi Industries Ltd (Ay 2010 11 ITA 3215 Mum 2024)

421-ITXA-658-25.DOCX Sayali

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION SAYALI DEEPAK UPASANI INCOME TAX APPEAL NO. 658 OF 2025 by SAYALI DEEPAK UPASANI Date: 2025.11.12 11:16:43 +0530 Principal Commissioner of Income Tax 6 Mumbai ...Appellant

Versus

Aadi Industries Ltd (AY 2010-11 ITA 3315 Mum 2024)

...Respondent

______________________________________________________ Mr Akhileshwar Sharma, for Appellant ______________________________________________________

CORAM:

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

DATED:

11 November 2025 PC:- 1.

Heard Mr. Shah, for the Appellant.

2.

The tax effect in this case is less than Rs. 2 Crores. However, Mr. Sharma refers to the exceptions carved out in the CBDT Circular by pointing out that this is a case of exercise of revisional jurisdiction under Section 263 of the IT Act. Though this may be a case of exercise of revisional jurisdiction, still the tax effect is quantified and has been so quantified. Such tax effect is less than Rs. 2 Crores, as is evident from the connected tax appeal bearing ITXA (L) No. 25530 of 2023.

421-ITXA-658-25.DOCX 3.

Therefore, on the ground of low tax effect, we dispose of this Appeal by keeping the question of law law. (Advait M. Sethna, J) (M.S. Sonak, J)