IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH **** 201 Date of Decision: 12.02.2026 1. ITA-252-2010 (O&M) COMMISSIONER OF INCOME TAX-I ...Appellant Versus M/S BHUSHAN POWER AND STEEL LTD. ...Respondent 2. ITA-358-2014 (O&M) COMMISSIONER OF INCOME TAX ...Appellant Versus M/S STEEL STRIPS WHEELS LTD ...Respondent CORAM:- HON'BLE MR. JUSTICE JAGMOHAN BANSAL HON'BLE MR. 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. As common issues are involved in the captioned petitions, with the consent of both sides, the same are hereby disposed of by this common order. 2. Learned Senior Counsel for the respondent-assessee submits that amount of tax involved in the instant appeals is less than monetary limit prescribed by Central Board of Direct Taxes vide Circulars dated 15.03.2024 and 06.08.2024. DEEPAK BISSYAN 2026.02.13 14:36 I attest to the accuracy and integrity of this document ITA-252-2010 and ITA-358-2014 -2- 3. 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. 4. Dismissed in terms of aforesaid circulars with aforesaid liberty. 5. Pending application(s), if any, also 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 ITA-252-2010 and ITA-358-2014 -3- DEEPAK BISSYAN 2026.02.13 14:36 I attest to the accuracy and integrity of this document