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Income Tax Appellate Tribunal, “B” BENCH, MUMBAI
Before: SHRI JOGINDER SINGH, JM & SHRI SANJAY ARORA, AM
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)-29, Mumbai (‘CIT(A)’ for short) dated 12.7.2011, partly allowing the Assessee’s appeal contesting its assessment u/s.143(3) r/w s. 147 of the Income Tax Act, 1961 (‘the Act’ hereinafter) for the assessment year (A.Y.) 2006-07 vide order dated 23.12.2009.
At the very outset, it was submitted by the ld. Authorized Representative (AR), the assessee’s counsel, Shri R. K. Bothra, that the tax effect of the Revenue’s appeal is below Rs.10 lacs, and which is therefore not maintainable u/s. 268A of the Act in