Loading judgment…
No AI summary yet for this case.
Order u/s.254(1)of the Income-tax Act,1961(Act) लेखा लेखा सद"य लेखा लेखा सद"य सद"य राजे"" सद"य राजे"" राजे"" केकेकेके अनुसार राजे"" अनुसार अनुसार /PER RAJENDRA, AM- अनुसार Challenging the order, dated 12/01/2016 of the CIT (A)-28, Mumbai, the Assessing Officer (AO) has filed the present appeal. Assessee-firm, engaged in the business of property development filed its return of income on 19/09/2011, declaring a total of Rs. 1.09 crore. The AO completed the assessment u/s.143 (3) of the Act, on 26/03/2014, determining its income at Rs. 1.50 crores.
It was brought to our notice that total income, as per the order giving effect to the order of the First Appellate Authority (FAA), stood at Rs. 1.26 Crores, that the tax effect in the case under consideration was below the tax limit prescribed by the CBDT, vide its Circular No.21/2015(F.No.279/Misc. 142/2007-ITJ (Pt.) dated 10th December, 2015, for filing the second appeals.Considering the above, we hold that the appeal filed by the AO is not maintainable. Hence, we dismiss the same. As a result, appeal filed by Assessing Officer stands dismissed. फलतः िनधा"रती अिधकारी "ारा दािखल क" गई अपील नामंजूर क" जाती है. Order pronounced in the open court on 13th April, 2017. आदेश क" घोषणा खुले "यायालय म" "दनांक 13 अ"ैल, 2017 को क" गई । "सह /Joginder Singh) (राजे"" / RAJENDRA) (जोिग"दर जोिग"दर "सह जोिग"दर जोिग"दर "सह "सह "याियक सद"य / JUDICIAL MEMBER लेखा लेखा सद"य सद"य / ACCOUNTANT MEMBER लेखा लेखा सद"य सद"य मुंबई /Mumbai; "दनांक/Dated : 13.04.2017. Jv.Sr.PS.