DCIT vs Minoo Rashesh Patel, Mumbai | ITAT Mumbai 2016

Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI

Before: SHRI G.S.PANNU & SHRI AMARJIT SINGHSmt.Minoo Rashesh Patel,

For Appellant: Shri Mohammed Rizwan

For Respondent: Shri Harsh Kothari

Hearing: 20/10/2016Pronounced: 21/10/2016

ORDER PER G.S.PANNU,A.M:

The captioned appeal filed by the Revenue pertaining to assessment year 2005-06 is directed against an order passed by CIT(A)-31, Mumbai dated 27/09/2013, which in turn, arises out of an order passed by the Assessing Officer under section 143(3) of the Income Tax Act, 1961 (in short ‘the Act’) dated 28/12/2007.

At the outset, it is noticed that the tax effect involved in this appeal is less than Rs.10.00 lacs. 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 Tribunal retrospectively. Since the tax effect in dispute in the captioned appeal is stated to be below the monetary limit of Rs.10.00 lacs 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.

DCIT 20(2), MUMBAI vs. MINOO RASHESH PATEL, MUMBAI