IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH **** 201 ITA-102-2014 (O&M) Date of Decision: 12.02.2026 COMMISSIONER OF INCOME TAX ...Appellant Vs. M/S STEEL STRIPS WHEELS LTD. …Respondents CORAM:- HON'BLE MR. JUSTICE JAGMOHAN BANSAL HON'BLE MR. JUSTICE YASHVIR SINGH RATHOR Present:- Mr. Ranvijay Singh, Sr. Standing Counsel with Ms. Nikita Garg, Jr. Standing Counsel for the appellant Mr. Akshay Bhan, Sr. Advocate with Mr. Shantanu Bansal, Advocate for the respondent-assessee *** JAGMOHAN BANSAL, J. (ORAL) 1. Learned Senior Counsel for the respondent while pointing out assessment order read with order of Appellate Authority submits that amount of tax involved is Rs.72,43,044/- which is less than monetary limit prescribed by Central Board of Direct Taxes vide Circulars dated 15.03.2024 and 06.08.2024. 2. Learned counsel for the appellant-Income Tax expressed his inability to controvert aforesaid statement, however, seeks permission to move an appropriate application, if anything contrary is found later on. 3. Dismissed in terms of aforesaid circulars with aforesaid liberty. 4. Pending application(s), if any, stands disposed of. (JAGMOHAN BANSAL) JUDGE (YASHVIR SINGH RATHOR) JUDGE February 12, 2026 Deepak DPA Whether Speaking/reasoned Yes/No Whether Reportable Yes/No DEEPAK BISSYAN 2026.02.13 14:36 I attest to the accuracy and integrity of this document