ASST CIT CIR 3, KALYAN vs SAGAR SAI ENTERPRISES, MUMBAI

Income Tax Appellate Tribunal, “E” BENCH, MUMBAI

Before: SHRI SANJAY ARORA, AM & SHRI PAWAN SINGH, JM

For Appellant: Shri Abhishek Meshram, Shri Jayant Bhatt

For Respondent: Shri Jayant Bhatt

O R D E R Per Sanjay Arora, A. M.: This is an Appeal by the Revenue directed against the Order by the Commissioner of Income Tax (Appeals)-I, Mumbai (‘CIT(A)’ for short) dated 08.1.2014, allowing the Assessee’s appeal contesting its assessment u/s.143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter) for the assessment year (A.Y.) 2009-10 vide order dated 30.11.2011.

At the very outset, it was submitted by the ld. Authorized Representative (AR), the assessee’s counsel, Shri Jayant Bhatt (showing the tax impact of the instant appeal to be at Rs.7,18,498/-), that the tax effect of the Revenue’s appeal is below Rs.10 lacs,

ASST CIT CIR 3, KALYAN vs. SAGAR SAI ENTERPRISES, MUMBAI