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Income Tax Appellate Tribunal, “D” BENCH, MUMBAI
Before: SHRI SAKTIJIT DEYAND SHRI G. MANJUNATHA
Date of Hearing – 04.12.2019 Date of Order – 19.12.2019
O R D E R PER SAKTIJIT DEY. J.M.
The captioned appeal has been filed by the Revenue challenging the order dated 9th May 2016, passed by the learned Commissioner of Income Tax (Appeals)–33, Mumbai, for the assessment year 2012–13.
At the outset, Smt. Jyothi Lakshmi Nayak, the learned Departmental Representative submitted, the tax effect on the amount disputed by the Revenue in the concerned appeal is below the revised
2 Mrs. Mumtaz Jafar Pardawala monetary limit of ` 50 lakh as per CBDT Circular no.17/2019, dated 8th August 2019. Further, she submitted, the appeal is not protected by any of the exceptions provided in the aforesaid Circular. In this context, the learned Departmental Representative furnished a copy of the letter dated 22nd November 2019, issued by the Income Tax Officer, Ward–22(2)(6), Mumbai, seeking withdrawal of the appeal.
The learned Authorised Representative agreed with the aforesaid submissions of the learned Departmental Representative.
Having considered rival submissions and perused the material on record as well as copy of the letter of the Assessing Officer, as referred to above, we are of the view that the tax effect on the amount disputed by the Revenue in the present appeal is below the monetary limit of ` 50 lakh, therefore, the appeal is not maintainable. In view of the aforesaid, we allow withdrawal of the appeal by the Revenue.
In the result, appeal stands dismissed. Order pronounced in the open Court on 19.12.2019