THE ACIT, CIRCLE-2(1)(2), AHMEDABAD vs. MANTIS TECHNOLOGIES PVT. LTD., AHMEDABAD

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ITA 661/AHD/2018Status: DisposedITAT Ahmedabad11 September 2019AY 2013-142 pages

In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal accepted the assessee's contention that the Revenue's appeal was not maintainable due to the revised monetary limits set by CBDT Circular No. 17 of 2019. The appeal was dismissed accordingly.

What were the facts?

The Revenue filed an appeal before the ITAT against an order of the CIT(A) for AY 2013-14. The assessee argued that the appeal was hit by a new CBDT circular revising monetary thresholds for filing appeals.

What were the issues?

Whether the Revenue's appeal is maintainable in light of the revised monetary thresholds for litigation as per CBDT Circular No. 17 of 2019.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, AHMEDABAD “B” BENCH

Before: SHRI MAHAVIR PRASAD & SHRI AMARJIT SINGH

For Appellant: Shri Mudit Nagpal, Sr. D.R

PER MAHAVIR PRASAD, JUDICIAL MEMBER

1.

This appeal by the Revenue is directed against the order of the Ld. CIT(A)-2, Ahmedabad dated 05.12.2017 pertaining to A.Y. 2013-14.

2 . A.Y. 2013-14 2. At the time of hearing, it was submitted by the Ld.AR for the assessee that appeal filed by the Revenue is hit by recently issued CBDT Circular No.17 of 2019 dated 08/08/2019 revising the previous thresholds pertaining to tax effects. As per aforesaid Circular, all pending appeals filed by Revenue are liable to be dismissed as a measure for reducing litigation where the tax effect does not exceed the prescribed monetary limit which is now revised at Rs.50 Lakhs. In the instant case, the tax effect on the disputed issues raised by the Revenue is stated to be not exceeding Rs.50 lakhs and therefore appeal of the Revenue is required to be dismissed in limine.

3.

We The Learned DR for the Revenue fairly admitted the applicability of the CBDT Circular No. 17 of 2019. Accordingly, appeal of the Revenue is dismissed as not maintainable. However, it will be open to the Revenue to seek restoration of its appeal on showing inapplicability of the aforesaid CBDT Circular in any manner.

4.

In the result, the appeal filed by the Revenue is dismissed.

Order pronounced in Open Court on 11- 09- 2019

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