Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, “E” Bench, Mumbai
Before: Shri Shamim Yahya (AM) & Shri Ravish Sood (JM)
For A.Y. 2003-04 the appeal against the order of learned CIT(A) dated 27.3.2018. For A.Y. 2004-05 appeal is against the order of learned CIT(A) dated 27.3.2018.
At the outset learned counsel of the assessee submitted that the tax effect in these revenue appeals is below the limit of Rs. 50 lakhs fixed by the CBDT vide latest circular dated 8.8.2019 on the issue of threshold limit for the appeals to be filed before the ITAT. The learned counsel submitted that the tax effect in these cases is below the limit fixed for appeals to be filed before the ITAT. Hence learned counsel prayed that these appeals are liable to be 2 M/s. The Indian Hotels Co. Ltd.
dismissed in limine on tax effect. Per contra learned departmental representative did not dispute the proposition that the tax effect in these cases is below the limit fixed by the CBDT for filing appeals before the ITAT.
In view of the above undisputed facts that tax effect in these cases are below the limit fixed by the CBDT vide Circular No. 17/2019 dated 8.8.2019 for filing appeals before the ITAT, these appeals are dismissed in limine on tax effect.
In the result is appeals by the revenue stand dismissed. Order has been pronounced in the Court on 27.8.2019.