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Income Tax Appellate Tribunal, MUMBAI BENCHES “SMC”, MUMBAI
Before: Shri Joginder Singh,
आदेश / O R D E R
The Revenue is aggrieved by the impugned order dated 19/09/2004 of the Ld. First Appellate Authority, Mumbai.
During hearing of this appeal, none was present for the assessee in spite of issuance of registered AD notice, therefore, I have no option but to proceed ex-parte, qua the assessee and tend to dispose of this appeal on the basis of material available on record. At the outset, the ld. DR, Shri Om Prakash Meena, contended that the total tax effect in the present appeal is below prescribed monetary limit of Rs.10 lakh for filing the appeal before this Tribunal.
2.1. I have considered the submissions of the ld. DR and perused the material available on record. In view of the above, it is noted that the total income assessed is Rs.22,48,457/-, resulting into tax effect, below prescribed monetary limit of Rs.10 lakh, for filing the appeal before the Tribunal, as contained in CBDT instruction No.21 of 2015, dated 10/12/2015 (F No.279/Misc./142/2007- IT(PT), applicable with retrospective effect, wherein, the Department was advised/directed by the Board not to file appeal in the cases where the tax effect does not exceed the following monetary limit.:-
Sl. Appeals in Income –tax matters Monetary Limit (in Rs.) No.
Before ITAT 10,00,000/- 2. U/s 260 A before Hon’ble High 20,00,000/- Court 3. Before Hon’ble Supreme Court 25,00,000/- In view of the above instruction, since, the tax effect is less than Rs.10,00,000/-, the appeal of the Revenue is not maintainable, therefore, dismissed. Finally, the appeal of the Revenue is dismissed as not maintainable. This order was pronounced in the open in the presence of ld. DR at the conclusion of the hearing on 20/06/2016.