ACIT 20(1), MUMBAI vs. AMITKUMAR V. GUPTA, MUMBAI

The Ld. DR before us has admitted that, in all these appeals, the tax effect on the disputed issue is prima facie is less than Rs. 10 lakhs. However, he submitted that the appeal of the revenue can be dismissed as not pressed in view of the Circular, subject to liberty given to the Department that, in case if it is found by the AO that after the calculation, the tax effect exceeds Rs. 10 lakhs, then the Department is at liberty to file Miscellaneous Application for recalling or restoring of such order.

After considering the aforementioned fact, we find that in all the aforesaid cases, the tax affect on the disputed issue is less than Rs. 10 lakhs and accordingly, in view of the CBDT Circular issued under the terms of section 268A(1), such an appeal is not maintainable and accordingly, all the appeals impugned herein are dismissed as not pressed in terms of the wording of the circulars.

Resultantly, all the appeals filed by the revenue are dismissed as not maintainable.