THE ACIT CC-35, MUMBAI vs. M/S. MARICO LTD, MUMBAI
Before: SHRI NARENDER KUMAR CHOUDHRY & SHRI PRABHASH SHANKARAssessment Year: 2003-04 & Assessment Year: 2005-06
Per : Bench
These appeals have been preferred by the Revenue against the orders dated 29.02.2008 & 09.09.2008, impugned herein, passed by the Ld. Commissioner of Income Tax (Appeals) (in short
Ld. Commissioner) u/s 143(3) of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2003-04 & 2005-06 respectively.
The Ld. Counsel of the Assessee Shri Nithesh Joshi has filed computations of tax effects involved in these appeals, and has claimed the tax effect involved in ITA Nos.3151/M/2008 & 6975/M/2008 is respectively of Rs.39,54,065/- and ITA No.3151 & 6975/M/2008 M/s. Marico Limited
2
Rs.11,39,191/- and there is no exception involved and thus in view of latest CBDT Circular no.09/2024 dated 17-09-2024, these appeals are liable to be dismissed as withdrawn, being involved Low
Tax Effect.
The Ld. DR submitted that though tax effect involved appears to be low, however, verification of the aforesaid factual aspects by the AO is needed.
Considering the ‘Low Tax Effect’ involved, as it appears from the computations of tax effect filed by the Assessee, these appeals are liable to be dismissed as withdrawn, however, with a liberty to the Revenue to seek recalling of this order by placing on record the facts, if any contrary, to such claim of the Assessee but not later than 30 days from today.
In the result, the Appeals under consideration filed by the Revenue are dismissed being withdrawn, with the liberty granted above.
Order pronounced in the open court on 22.09.2025. (PRABHASH SHANKAR) (NARENDER KUMAR CHOUDHRY)
ACCOUNTANT MEMBER JUDICIAL MEMBER
* Kishore, Sr. P.S.
Copy to: The Appellant
The Respondent
The CIT, Concerned, Mumbai
The DR Concerned Bench
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By Order
Dy/Asstt.