DEPUTY COMMISSIONER OF INCOME TAX 6(3)(1), MUMBAI vs. INDOSPACE AS INDUSTRIAL PARK PRIVATE LIMITED, MUMBAI

The captioned appeal filed by the revenue is directed against the order passed by the CIT(A)-12, Mumbai, dated 06.11.2017, which in turn arises from the assessment order passed by the A.O under Sec.143(3) of the Income Tax Act, 1961 (for short ‘Act’), dated 23.12.2015.

We find that the ‘tax effect’ involved in the present appeal filed by the revenue is less than Rs.50 lacs. On the basis of the aforesaid fact, the appeal filed by the revenue as per the monetary limits revised by the CBDT vide its Circular No. 17/2019, dated 08.08.2019 is found to be not maintainable.