Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, MUMBAI BENCH “A”, MUMBAI
Before: SH. N. K. BILLAYA & SHRI PAWAN SINGH
O R D E R
PER PAWAN SINGH, JM:
This appeal is filed by the Revenue against the order of CIT(A)-21 Mumbai on the grounds that (i) Ld. CIT(A) erred in deleting the disallowance of Rs. 7,71,573/-U/s 14A, and further allowing the business expenditure of Rs. 14,60,572/- and further allowing depreciation @ 60% instead of 15% in respect of routers, switches, and cable.
The present appeal was heard by us on 23.11.2015, and was reserved for order, in the meantime the CBDT had issued a circular No.21/2015(F.No.142/2007- ITJ (Pt.) dated 10th December, 2015 restricting the monetary limit of revenue for filing appeal before various forum of law, wherein the monetary limit for about the tax effect for filing appeal before the ITAT must be below of Rs. 10,00,000/-.
After going through the grounds taken by the revenue, we have noticed that in the present appeal the tax effect is less than the prescribed limit of Rupee Ten Lack and the same is covered by the ceiling of Tax effect, as provided in the notification mentioned above, hence the present appeal is dismissed.
In the result, appeal of the Revenue is dismissed.