Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, “SMC” Bench, Mumbai
Before: Shri B.R. Baskaran (AM)
The appeal of the revenue is directed against the order dated 28.11.2014 passed by Ld CIT(A)-37, Mumbai and it relates to the assessment year 2008-09.
At the time of hearing, the Ld A.R submitted that the tax effect involved in the present appeal of the revenue is less than Rs.10.00 lakhs. Accordingly he submitted that the revenue is precluded for pursuing this appeal as per the Circular No.21/2015 dated 10-12-2015 issued by CBDT. The Ld A.R also furnished a working of tax liability as per which the disputed tax liability worked out to Rs.3,55,403/-.
The Ld D.R did not contradict the factual aspects presented by Ld A.R.
Having heard the rival submissions, I am of the view that the present appeal of the revenue deserves to be dismissed in limine, in view of the circular of CBDT, referred supra, as the tax effect involved in this appeal is less than Rs.10.00 lakhs. Accordingly I dismiss the appeal of the revenue in limine.
In the result, the appeal of the revenue is dismissed. Order has been pronounced in the Court on 13.7.2016