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Income Tax Appellate Tribunal, “E” BENCH, MUMBAI
Before: SHRI SHAILENDRA KUMAR YADAV, JM & SHRI RAJESH KUMAR, AM
O R D E R PER RAJESH KUMAR, A. M: This is an appeal filed by the revenue challenging the order dated 7.10.2013 of ld.CIT(A)-20, Mumbai, for assessment year 2010-11.
We find from the orders of authorities below that the tax effect involved in the above referred case is below the monetary limit (Rs. 10,00,000/-) prescribed by the Central Board of Director Taxes(CBDT), vide its Circular No.21/2015(F.No.l42/2007- ITJ (Pt.) dated 10th December, 2015.
Shri Dhaval Shah appeared on behalf of the assessee. The Departmental Representative (DR) on a query by the Bench fairly conceded that the tax effect involved in the above case is less than Rs. 10.00 lacs. Considering these facts, we dismiss the appeal holding it as not maintainable u/s. 268A of the Act.
2 13/Mum/2014
In the result, appeal of the Revenue is dismissed.