ACIT CIR 22(1), MUMBAI vs MAVANI AND SONS, MUMBAI

Income Tax Appellate Tribunal, “B” BENCH, MUMBAI

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

For Appellant: Shri M. Rajan, Shri Hitesh M. Shah

For Respondent: Shri Hitesh M. Shah

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)-33, Mumbai (‘CIT(A)’ for short) dated 23.11.2012, 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 22.12.2011.

At the very outset, it was submitted by the ld. Authorized Representative (AR), the assessee’s counsel, Shri Hitesh M. Shah (adducing a working of the tax impact of the instant appeal, showing the same at Rs.9,04,888/-), that the tax effect of the Revenue’s appeal is below Rs.10 lacs, and which is therefore not maintainable u/s.

ACIT CIR 22(1), MUMBAI vs. MAVANI AND SONS, MUMBAI