ACIT 15(3), MUMBAI vs UMAID HERITAGE ENTERPRISES, MUMBAI

Income Tax Appellate Tribunal, “H” BENCH, MUMBAI

Before: SHRI G.S. PANNU, AM & SHRI PAWAN SINGH, JM

For Appellant: Shri M.C. Ningshen (DR)

For Respondent: Shri Nitesh Joshi & Vipul Mody-(AR)

Hearing: 03/08/2018Pronounced: 03/08/2018

आदेश / O R D E R

Per Pawan Singh , Judicial Member:

This appeal by revenue is directed against the order of ld. Commissioner of Income-tax(Appeals)-26, Mumbai [ld. CIT(A)] dated 05/08/2011 for Assessment Year 2007-08. At the outset the Ld. DR and the ld. AR conceded that the tax effect involved in the present case is less than the monetary limit Rs.20,00,000/- as prescribed by the CBDT vide Circular No.3/2018 dated 11th July, 2018. Hence, the Revenue is precluded from filing /pursuing the appeal before the Tribunal .

We have considered the submissions of both parties. Since the tax effect involved in appeal for Assessment Year 2007-08 is less than Rs. 20,00,000/-, considering the contention of both the parties, this appeal is dismissed as not maintainable u/s. 268A in view of the latest notification of Central Board of Direct Taxes (CBDT), vide Circular No. 3/2018 dated 11th July 2018.

ACIT 15(3), MUMBAI vs. UMAID HERITAGE ENTERPRISES, MUMBAI