DCIT-13(3)(1), MUMBAI vs. M/S.RAJ RAJENDRA INDUSTRIES LIMITED, MUMBAI

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ITA 4217/MUM/2018Status: DisposedITAT Mumbai04 September 2019AY 2013-143 pages

In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal dismissed the Revenue's appeal as not maintainable. This was based on a CBDT circular directing withdrawal of appeals where the tax effect is below a certain threshold.

What were the facts?

The Revenue filed an appeal before the ITAT against an order of the CIT(A). Both parties agreed that the appeal should be dismissed.

What were the issues?

The primary issue was the maintainability of the Revenue's appeal before the Tribunal in light of a CBDT circular regarding tax effect thresholds.

Which sections of the Income-tax Act were involved?

Section 143(3)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “D”, BENCH

Before: SHRI M.BALAGANESH, AM & SHRI RAM LAL NEGI, JM

For Appellant: Shri R.C. Toshiwal
For Respondent: Shri J. Saravanan, Shri R.C. Toshiwal
Hearing: 29/08/2019Pronounced: 04/09/2019

आदेश / O R D E R PER M. BALAGANESH (A.M): This appeal in 4217/Mum/2018 for A.Y.2013-14 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-21, Mumbai in appeal No.CIT(A)-21/ACIT-13(3)(1)/IT-361/2016-17 dated 28/03/2018 (ld. CIT(A) in short) against the order of assessment passed U/S. 143(3) of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 02/12/2016 by the Asst. Commissioner of Income Tax – 13 (3)(1), Mumbai (hereinafter referred to as ld. AO).

M/s. Raj Rajendra Industries Ltd.,

2.

Both the parties before us mutually agreed that this revenue appeal is to be dismissed as not maintainable in view of the recent Circular issued by the CBDT dated 08/08/2019 wherein the revenue has been directed to withdraw the appeal preferred by it before the Tribunal if the tax effect on the disputed issues is less than or equal to Rs.50,00,000/-. It is well settled that this Circular is binding on the revenue authorities.

3.

Respectfully following the said Circular, the appeal filed by the revenue is dismissed as not maintainable. 4. Incase, if the revenue is able to provide evidence that the case falls under any of the exceptions provided in the circular issued by the CBDT, then the revenue may prefer miscellaneous application for recalling of this order, if they so desire, in which circumstance this order shall be recalled by this Tribunal. 5. In the result, appeal filed by the revenue is dismissed as not maintainable.

Order pronounced in the open court on this 04/09/2019

1.

Sd/- Sd/- (RAM LAL NEGI) (M.BALAGANESH) JUDICIAL MEMBER ACCOUNTANT MEMBER Mumbai; Dated 04/09/2019 KARUNA, sr.ps

M/s. Raj Rajendra Industries Ltd.,

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