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Income Tax Appellate Tribunal, MUMBAI BENCHES “B” MUMBAI
Before: SHRI JOGINDER SINGH & SHRI N.K. PRADHAN
ORDER PER N.K.PRADHAN, AM:
Instant appeal by the Revenue is directed against the order dated 25/01/2013 passed by the ld. Commissioner (Appeals)-I, Thane, for AY 2007-08.
The tax effect as per the order of the ld. CIT(A) is Rs. 5,49,441/-. Both the learned Counsel for the parties agreed before us that the tax effect pertaining to the amount disputed by the Revenue is less than the monetary limit of Rs. 10,00,000/- fixed by the CBDT in Circular No. 21 of 2015 dated 10/12/2015 in relation to appeal before the ITAT. Taking into consideration the aforesaid submissions of the parties and also finding that the CBDT Circular under reference applies retrospectively, even to pending appeals, we dismiss the appeal of the Revenue as not maintainable.
In the result, the appeal stands dismissed.
Order pronounced in the open court on 24 /10/2016