No AI summary yet for this case.
Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI
Before: SHRI JOGINDER SINGH & SHRI RAJESH KUMAR
Per Rajesh Kumar, Accountant Member:
The above titled appeals have been preferred by the Revenue against the order dated 02.11.2011 & 09.01.2012 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment years 2007- 08 & 2008-09 respectively.
At the outset, the Ld. A.R. has submitted that tax effect involved in these appeals is less than Rs.20 lacs and the CBDT Circular No.3/2018 (F.No.279/MISC.142/2007-ITJ (PT).] dated 11.07.2018 is applicable to these appeals, hence, these
After hearing both the parties and perusing the material on record, we find that the tax effect in these appeals does not exceed Rs.20 lakhs and therefore the appeals have to be dismissed in terms of Circular No.3/2018 (F.No.279/MISC.142/2007-ITJ (PT).] dated 11.07.2018. We, therefore, following the circular issued by the CBDT, dismiss the appeals filed by the Revenue.
Order pronounced in the open court on 24.07.2018.