ASST CIT 8(1)(2), MUMBAI vs. SEA LINKERS P.LTD, MUMBAI

The captioned appeal filed by the revenue pertaining to assessment year 2010-11 is directed against the order passed by the CIT(A)-14, Mumbai, dated 28.02.2017, which in itself arises from the P a g e | ACIT Vs. M/s. Sea Linkers Pvt. Ltd. order passed by the Assessing Officer under section 143(3) r.w.s. 147 of the Income Tax Act, 1961 (in short ‘the Act’), dated 11.03.2016.

At the very outset of the hearing of the appeal it was submitted by the ld. Departmental Representative (for short D.R.) that 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 lac specified in the CBDT Circular, dated 10.12.2015 (supra), the same is dismissed as not maintainable.