I.T.O. - 18(1)(3), Mumbai V. SHRI DEEPAK JAIDEO AGARWAL, Mumbai

ITA 1048/MUM/2018

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 9694 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 3 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-06-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2011-2012
• Appeal Filed On: 22-02-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI PRAMOD KUMAR, VP & SHRI AMIT SHUKLA, JM आयकरअपीलसं./ I.T.A. No. 1048/Mum/2018 (निर्धारणवर्ा / Assessment Year: 2011-12) ITO-18(1)(3), R. No. 203, 2 nd floor, Earnest House, Nariman Point, Mumbai-400 021 बिधम/ Vs. Shri Deepak Jaideo Agarwal, Prop. M/s Sanchit International, 21/A/Nand Deep Udyog CHS Ltd, A. K. Road, Kndivita Lane, Mumbai-400 005 स्थायीलेखासं./जीआइआरसं./PAN No. AABPA5280B (अपीलाथी/Appellant) : (प्रत्यथी / Respondent) अपीलाथीकीओरसे/ Appellant by : Shri T. Shankar, Ld. DR प्रत्यथीकीओरसे/Respondent by : Shri Vimal Punmiya, Ld. AR सुनवाईकीतारीख/ Date of Hearing : 07.06.2022 घोषणाकीतारीख / Date of Pronouncement : 07.06.2022 आदेश / O R D E R Per Amit Shukla, Judicial Member: The aforesaid appeal has been filed by the revenue against the impugned order dated 25.04.2016, passed by Ld. CIT(A)-29, 2 I.T.A. No. 1048/Mum/2018 Shri Deepak Jaideo Agarwal Mumbai for the quantum appeal of assessment passed u/s 143(3) for AY 2011-12. 2. At the outset, Ld. AR appeared on behalf of the assessee submitted that the tax effect of the relief granted by the Ld. Commissioner of Income Tax (Appeals) is below Rs. 50 lacs and as per Circular No.17 of 2019 dated 08.08.2019 [F.No.279/Misc.142/2007-TTJ(Pt.) issued by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India, the CBDT has revised the monetary limit for filing appeals before the ITAT from the existing limit of Rs. 20 lacs to Rs. 50 lacs. In the light of the aforesaid facts, he submitted that this appeal is not maintainable and liable to be dismissed. 3. The Ld. Departmental Representative (DR) fairly conceded that this appeal is not maintainable in light of the aforesaid circular issued by the CBDT. The Ld. DR also did not point out that this appeal falls in any of the exceptions carved out in the above said circular. 4. We have gone through the order of the Ld. Commissioner of Income Tax (Appeals) and the grounds of appeals. We find that the 3 I.T.A. No. 1048/Mum/2018 Shri Deepak Jaideo Agarwal tax effect in the above referred appeal is less than Rs. 50 lacs. Accordingly, we dismiss the aforesaid appeal filed by the Revenue as not maintainable/withdrawn. 5. In the result, the appeal filed by the revenue stands dismissed. Orders pronounced in the open court on 7 th June, 2022. Sd/- Sd/- (Pramod Kumar) (Amit Shukla) Vice President Judicial Member मुंबई Mumbai;ददनांक Dated : 07.06.2022 Sr.PS. Dhananjay आदेशकीप्रनिनिनिअग्रेनर्ि/Copy of the Order forwarded to : 1. अपीलाथी/ The Appellant 2. प्रत्यथी/ The Respondent 3. आयकरआयुक्त(अपील) / The CIT(A) 4. आयकरआयुक्त/ CIT- concerned 5. दवभागीयप्रदतदनदध, आयकरअपीलीयअदधकरण, मुंबई/ DR, ITAT, Mumbai 6. गार्डफाईल / Guard File आदेशधिुसधर/ BY ORDER, .उि/सहधयकिंजीकधर (Dy./Asstt.Registrar) आयकरअिीिीयअनर्करण, मुंबई/ ITAT, Mumbai