DCIT 8(2), MUMBAI vs. NICO EXTRUSIONS P.LTD, MUMBAI

PER D. KARUNAKARA RAO, AM: This appeal filed by the Revenue on 25.08.2014 is against the order of the CIT (A)-17, Mumbai dated 16.06.2014 for the assessment year 2011-2012. 2. Before us, at the outset, Ld Counsel for the assessee briefly narrated the facts of the case and mentioned that the only issue involved in this appeal relates to the disallowance of Rs. 30,36,670/- on account of unrealised loss. In this regard, he submitted that the tax effect involved in this appeal is below Rs. 10 lakhs and therefore, this appeal is not maintainable as per the CBDT Circular no.21/2015. After hearing the Ld DR for the Revenue and on perusal of the orders of the Revenue Authorities as well as the relevant material placed before us, we find, the tax effect in this case is below Rs. 10 lakhs. Therefore, this case is covered by the CBDT Circular No.21/2015, dated 10.12.2015 which is relevant for the proposition that the appeals filed by the Revenue with a tax effect of Rs. 10 lakhs and below are to be either dismissed by the Tribunal as not maintainable or not pressed by the Revenue. Considering the same, the present appeal filed by the Revenue is required to be dismissed since, the same are not maintainable. We order accordingly.

आदेशानुसार/ BY ORDER, उि/सहायक िंजीकार (Dy./Asstt.