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Income Tax Appellate Tribunal, “G” BENCH, MUMBAI
Before: SHRI S. RIFAUR RAHMAN, AM & SHRI RAM LAL NEGI, JM
स्थायीलेखासं./जीआइआरसं./PAN No. ADKPC2426R (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant : Shri Prateek Jain, DR by प्रत्यथीकीओरसे/Respondentby : Shri T. S. Khalsa, AR सुनवाईकीतारीख/ : 04.11.2020 Date of Hearing घोषणाकीतारीख / : 04.11.2020 Date of Pronouncement आदेश / O R D E R Per S. Rifaur Rahman (Accountant Member): The present Appeal has been filed by the revenue against the order of Ld. Commissioner of Income Tax (Appeals) –24 in Sangeeta Ashokkumar Chhajer, short referred as ‘Ld. CIT(A)’, Mumbai, dated 30.06.2017 for Assessment Year (in short AY) 2000-01.
At the outset, it is brought to our notice that the tax effect of the relief granted by the Ld. Commissioner of Income Tax (Appeals) is below Rs. 50 lacs and as per Circular No.17 of 2019 dated 08.08.2019 issued by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India, the CBDT has revised the monetary limit for filing appeals before the ITAT from the existing limit of Rs. 20 lacs to Rs. 50 lacs.
Considered the rival submissions and material placed on record. We notice that the tax effect in the above referred appeal is less than Rs. 50 lacs. Accordingly, we dismiss the aforesaid appeal filed by the Revenue as not maintainable/withdrawn.