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Income Tax Appellate Tribunal, G Bench, Mumbai
Before: Shri B.R. Baskaran & Shri Ravish Sood
O R D E R
Per Ravish Sood, JM
The present appeals filed by the revenue are directed against the respective orders passed by the CIT(A)-3, Thane, for A.Y 2011-12, dated 20.12.2016, which in turn are directed against the respective orders passed by the A.O under Sec. 143(3) and under Sec. 271(1)(c) of the Income Tax Act, 1961 (for short ‘Act’), dated 28.03.2014 and 24.09.2014, respectively.
The ld. Authorized Representative (for short ‘A.R’) at the very outset of the hearing of the appeal submitted that the tax effect involved in both of the aforementioned appeals was less than Rs. 20 lacs. In support of his aforesaid contention, the ld. A.R had placed on record the working of the tax liability involved in the abovementioned appeals filed by the revenue. The ld. Departmental Representative (for short ‘D.R’) on being confronted did not controvert the factual position so averred by the ld. A.R before us.
P a g e | 2 & 1792/Mum/2017 A.Y 2011-12 Income Tax Officer, Ward-4 Vs. Sudhir Prabhakar Vichare 3. We find that the CBDT vide its Circular No.03/2018, dated 11/07/2018 has revised the monetary limits for filing of appeals by the Department before the Tribunal, retrospectively. Since the tax effect in dispute in the captioned appeal is admittedly below the monetary limit of Rs.20.00 lacs specified in the CBDT Circular No. 03/2018, dated 11/07/2018, therefore, the same is dismissed as not maintainable.