ASST CIT CEN CIR 13, MUMBAI V. JAIPUR IPL CIRCKET P.LTD, MUMBAI

ITA 3727/MUM/2014

AI Insights

The case involved an appeal by the Assistant Commissioner of Income Tax against the order of the Commissioner of Income Tax (Appeals) - 37, Mumbai, which had partly allowed the appeal of Royal Multisport Private Limited (formerly known as M/s. Jaipur IPL Cricket Private Limited). The original assessment order was passed under Section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2009-2010. However, the Revenue decided to withdraw the appeal due to the low tax effect, which was below the monetary threshold set by the CBDT circular.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 841426 (ITAT-MUMBAI)
• Duration Of Justice: 11 year(s) 9 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-02-2026
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: K
• Assessment Year: 2009-2010
• Appeal Filed On: 26-05-2014
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ASSESSEE
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

"IN THE INCOME TAX APPELLATE TRIBUNAL \"K\" BENCH, MUMBAI SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER ITA No. 3727/MUM/2014 (Assessment Year: 2009-2010) Assistant Commissioner of Income Tax Central Circle - 13 Old CGO Building, 11th Floor, M. K. Road, Mumbai – 400020. Maharashtra …………. Appellant Royal Multisport Private Limited (Formerly known as M/s. Jaipur IPL Cricket Private Limited) 6th Floor, Mumbai Educational Trust Bldg., General A. K. Vaidya Chowk, Bandra Reclamation, Bandra, Mumbai – 400050. [PAN: AAACF9898A] Vs …………. Respondent Appearance For the Appellant/Assessee For the Respondent/Department : : Shri Yogesh Thar & Ms. Sakshi Dande Ms. Neena Jeph Date Conclusion of hearing Pronouncement of order : : 26.02.2026 26.02.2026 O R D E R Per Rahul Chaudhary, Judicial Member: 1. The present appeal has been preferred by the Revenue against the Order, dated 14/03/2014, passed by the Commissioner of Income Tax (Appeals) – 37, Mumbai [hereinafter referred to as the ‘CIT(A)’], whereby the Ld. CIT(A) had partly allowed the appeal of the Assessee against the Assessment Order, dated 29/12/2011, passed under Section 143(3) of the Income Tax Act, 1961 [hereinafter referred to as ‘the Act’], for the Assessment Year 2009-2010. Printed from counselvise.com ITA No. 3727/Mum/2014 Assessment Year 2009-2010 2 2. At the time of hearing the Learned Departmental Representative invited our attention to the withdrawal application, dated 28/08/2025, wherein it was stated as under: “In this regard, I am directed to forward letter dated 31/07/2025 received from the office of PCIT-3, Mumbai in the case of Assessee for Assessment Year 2009-2010 regarding withdrawal of appeal as the tax effect involved in the case amount is INR.24.81 lakhs which is below the monetary threshold prescribed for filing appeal by the CBDT Circular No.09/2024 dated 17/09/2024.” 3. The Learned Authorised Representative did not have any objection to the above the above application. 4. In view of the above, the present appeal is dismissed as ‘withdrawn/not pressed’. Order pronounced in open court on 26.02.2026. Sd/- Sd/- (Bijayananda Pruseth) Accountant Member (Rahul Chaudhary) Judicial Member मुंबई Mumbai; िदनांकDated : 26.02.2026 Milan, LDC Printed from counselvise.com ITA No. 3727/Mum/2014 Assessment Year 2009-2010 3 आदेशकीŮितिलिपअŤेिषत/Copy of the Order forwarded to : 1. अपीलाथŎ/ The Appellant 2. ŮȑथŎ/ The Respondent. 3. आयकरआयुƅ/ The CIT 4. Ůधान आयकर आयुƅ/ Pr.CIT 5. िवभागीयŮितिनिध, आयकरअपीलीयअिधकरण, मुंबई/ DR, ITAT, Mumbai 6. गाडŊफाईल / Guard file. आदेशानुसार/ BY ORDER, सȑािपतŮित //True Copy// उप/सहायकपंजीकार /(Dy./Asstt. Registrar) आयकरअपीलीयअिधकरण, मुंबई / ITAT, Mumbai Printed from counselvise.com "