Monetary threshold for pending appeals

The Bombay High Court, by order dated 8 July 2026, dismissed the Revenue's appeal in Commissioner of Income Tax (IT)-3 v. Park Air System on the ground that the tax effect was below the revised monetary threshold of ₹2 crore prescribed under CBDT Circular No. 9 of 2024. 

The Court reiterated that revised monetary limits govern even pending appeals, but exceptions subsequently introduced by the CBDT cannot be invoked retrospectively to sustain appeals that were already filed before such exceptions came into existence.