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Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI
Before: SHRI R.C SHARMA & SHRI RAVISH SOOD
ORDER PER RAVISH SOOD, J.M:
The captioned appeal filed by the Revenue pertaining to assessment year 2009-10 is directed against the order passed by CIT(A)-41, Mumbai, dated 26.02.2014, which in turn, arises out of an order passed by the Assessing Officer under section 143(3) of the Income Tax Act, 1961 (in short ‘the Act’), dated 28.12.2011.
2 ACIT vs. M/s Mumbai Sez Ltd.- Assessment Year 2009-10 2. At the outset, it is noticed that the tax effect involved in this appeal is less than Rs.10.00 lacs. The CBDT vide its Circular No.21/2015, dated 10/12/2015 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 stated to be below the monetary limit of Rs.10.00 lacs specified in the CBDT Circular dated 10/12/2015, therefore, the same is dismissed as not maintainable.
In the result, appeal of the Revenue is dismissed.
Order pronounced in the open court on 03/05/2018