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Income Tax Appellate Tribunal, MUMBAI BENCH “D”, MUMBAI
Before: SHRI G. S. PANNU & SHRI VIKAS AWASTHY
आअसं.2730/मुं/2011(िन.व.2007-08) (A.Y.2007-08) आअसं.4447/मुं/2012(िन.व.2008-09) (A.Y.2008-09) सुनवाई क� ितिथ/ Date of hearing : 15/12/2021 घोषणा क� ितिथ/ Date of pronouncement : 15/12/2021 आदेश/ ORDER These two appeals by the Revenue are directed against the orders of Commissioner of Income Tax (Appeals)-6, Mumbai [hereinafter referred to as ‘the CIT(A)’] for the AY 2007-08 dated 27.01.2011 and for the AY 2008-09 dated 23.04.2012, respectively.
Sh. Vijay Mehta appearing on behalf of the assessee submitted at the outset that both the aforesaid appeals by the Revenue are liable to be dismissed on account of low tax effect in the light of CBDT Circular No. 17/2019 dated 08.08.2019. The ld. Authorized Representative (AR) pointed that in appeal for AY 2007-08, the Revenue has raised solitary ground assailing Fair Market Value determined by the CIT(A) after loading the benefit of Central Air Conditioning Facility. The disputed amount is Rs. 20,01,714/- against which the Revenue is in appeal. In AY 2008-09, the Revenue has raised identical ground as was raised in AY 2007-08 and the amount in dispute is Rs. 33,87,516/-. The tax effect involved in both these appeals is less than the monetary limit specified by the Board for filing of appeals before the Tribunal in the aforementioned Circular.
Sh. Amol Kirtane representing the department fairly admitted that the tax effect involved in both these appeals is less than the threshold limit specified by the Board for filing of appeals before the Tribunal vide Circular No. 17/2019 (supra).