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Facts
The revenue filed an appeal against the order dated 24/01/2024 passed by the CIT(A)-57, Mumbai, for Assessment Year 2021-22. The tax effect involved in the appeal was Rs.45,13,516/-.
Held
The Tribunal noted that the tax effect in the appeal was Rs.45,13,516/-. Following CBDT Circular No. 17/2019 dated 08/08/2019, the Tribunal held that the appeal by the revenue had to be dismissed.
Key Issues
Whether the appeal filed by the revenue is to be dismissed in light of CBDT Circular No. 17/2019 due to the tax effect involved.
Sections Cited
IT Act sections
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Income Tax Appellate Tribunal, “I” BENCH, MUMBAI
Before: SHRI NARENDRA KUMAR BILLAIYA, HON’BLE & SHRI RAJ KUMAR CHAUHAN, HON’BLE
PER NARENDRA KUMAR BILLAIYA, AM: This appeal by revenue is preferred against the order dated 24/01/2024 by ld. CIT(A)-57, Mumbai, pertaining to AY 2021-22. 2. A perusal of the grounds taken by the revenue shows that the tax effect involved in this appeal is Rs.45,13,516/-. Therefore, this appeal by the revenue has to be dismissed in light of the CBDT Circular No. 17/2019 dated 08/08/2019. I.T.A. No. 1817/Mum/2024 2
In the result, appeal of the revenue is dismissed. Order pronounced in the Court on 18th July, 2024 at Mumbai. (RAJ KUMAR CHAUHAN) ACCOUNTANT MEMBER Mumbai, Dated 18/07/2024 *SC SrPs *SC SrPs *SC SrPs *SC SrPs
आदेश की "ितिलिप अ"ेिषत/Copy of the Order forwarded to : अपीलाथ" / The Appellant
""थ" / The Respondent 2. संबंिधत आयकर आयु" / Concerned Pr. CIT 3. आयकर आयु" अपील
( ) / The CIT(A)- िवभागीय "ितिनिध ,आयकर अपीलीय अिधकरण, मुंबई /DR,ITAT, Mumbai, 5. गाड" फाई/ Guard file. 6. आदेशानुसार/ BY ORDER,