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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 10.5.2013 of ld.CIT(A)-26, Mumbai, for assessment year 2005-06 by which the revenue is challenging the deletion u/s 80IB of the Act.
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 Devang K Shah appeared on behalf of the assessee. The Departmental Representative (DR) on a query by the Bench fairly conceded that the tax effect
2 5237/Mum/2013 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. 4. In the result, appeal of the Revenue is dismissed.