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Income Tax Appellate Tribunal, MUMBAI BENCH “A”, 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 2014-15 is directed against an order passed by CIT(A)-59, Mumbai, which in turn, arises out of an order passed by the Deputy Commissioner of Income-
At the very outset of the hearing of the appeal, it was submitted by the Ld. Departmental representative (for short ‘D.R’) that as the tax effect involved pertaining to the issue under consideration in this appeal was less than Rs.10.00 lac, therefore the appeal was not maintainable. The CBDT vide Circular No.21/2015, dated 10/12/2015 has revised the monetary limits for filing of appeals by the Department before the Income-tax appellate 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.
In the result, appeal of the Revenue is dismissed.
Order pronounced in the open court on 09/11/2016