Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, MUMBAI BENCHES “F”, MUMBAI
Before: SHRI MAHAVIR SINGH & SHRI RAJESH KUMAR
O R D E R PER RAJESH KUMAR, A.M:
This appeal filed by the Revenue is directed against the order of the Commissioner of Income Tax(Appeals)-1, Mumbai, dated 26-02-2018.
At the time of hearing, it has been brought to our notice that as per the CBDT Circulars No.03/2018 dated 11-07-2018 and Circular No.17 of 2019 dated 9th August, 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50.00 lakhs. After hearing both the sides and perusing the records as placed before us, we found that the appeal is covered by the aforesaid circular : 2 : and is not maintainable. The tax effect in this appeal is less than Rs.50.00 lakhs, therefore, we are dismissing the same on account of low tax effect with the liberty to the Revenue to seek recall of the order, of this case falls within the exceptions mentioned in the Circulars cited above.
In the result, the appeal filed by Revenue is dismissed.