ALLAHABAD HIGH COURT · SOURCE-REVIEWED PROCEDURAL ORDER
Principal Commissioner Of Income Tax And Another v. M/S Panchsheel Realtech Pvt. Ltd.
Income Tax Appeal No. 22 Of 2018 ·
2025:AHC:117151-DB
The Revenue appeal was dismissed as withdrawn.
Division Bench · Shekhar B. Saraf · Praveen Kumar Giri
1. Facts of the case
Revenue counsel stated that the tax effect was below Rs.2,00,00,000.
2. Discussion by the Hon’ble Court
Revenue sought withdrawal under the CBDT circular dated 17 September 2024 (No.09/2024). The Court accepted the request.
3. Judicial decision
The Revenue appeal was dismissed as withdrawn.
4. Outcome / in whose favour
Monetary-policy withdrawal without decision on the underlying tax merits.
5. Expert Comments
AKHB editorial analysis, distinct from the Court’s findings. Subsequent treatment and current-law applicability have not been verified.
Revenue’s threshold statement explains withdrawal
In Income Tax Appeal No. 22 Of 2018 concerning Panchsheel Realtech, Revenue stated that tax effect was below Rs.2 crore and requested withdrawal under Circular 09/2024 dated 17 September 2024. The Court accepted that request. The appeal ended under the stated litigation-policy basis rather than a merits appraisal of the taxpayer’s position.
Source: PDF p.1 · PDF p.1, complete supplied order
Preserve the threshold and its historical role
Rs.2 crore is the limit recited in this order, not the exact tax effect or a verified current threshold. The source gives no assessment year, computation or exception analysis. The result should not be cited as substantive approval of the Tribunal’s tax reasoning; the underlying decision is required for that question.
Source: PDF p.1 · PDF p.1, complete supplied order
Source and verification
Complete supplied 1-page original read and all source page images visually inspected; original bytes verified by SHA-256 against the ledger. No PAN is stated. Subsequent treatment and current law have not been cleared.
Source SHA-256: d88a3d73f03c1fd8ee6c6eb567f44be16ba7784cecfe7494f8dcfbf962665ff8
Only source-identified provisions are recorded. No current monetary threshold, current statutory equivalence or 2025 Act applicability is inferred.
Source checked 2026-10-21. Subsequent proceedings and current precedential treatment have not been comprehensively verified.
AI disclosure and professional disclaimer
This AKHB research note was prepared with AI assistance from an identified primary report. Independent human review is not represented.
General legal and tax research only; not legal or tax advice. Verify the complete judgment, applicable statutory version and subsequent treatment before reliance. The Expert Comments section is editorial analysis, not the Court’s holding. No current-law clearance is claimed.