ASSTT. CIT,CIRCLE-15(1)(2), MUMBAI V. M/S. BALMER LAWRIE VAN LEER LTD., NAVI MUMBAI

ITA 1345/MUM/2021

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 8725 (ITAT-MUMBAI)
• Duration Of Justice: 6 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-02-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 27-07-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 147; 143(3); 14A; 250

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL "B" BENCH, MUMBAI SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER, SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER आयकर अपील सं/ I.T.A. No. 1345/Mum/2021 (निर्धारण वर्ा / Assessment Year: 2011-12) ACIT, Circle-15(1)(2), Room No. 483, 4 th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400020 बिधम/ Vs. M/s Balmer Lawrie Van Leer Ltd., D-195, TTC Industries Area, MIDC, Turbhe, Navi Mumbai - 400705 PAN : AAACB2906R (अपीलाथी /Appellant) .. (प्रत्यथी) / Respondent) सुनवाई की तारीख / Date of Hearing: 10/02/2022 घोषणा की तारीख /Date of Pronouncement: 17/02/2022 आदेश / O R D E R Per Rahul Chaudhary, Judicial Member: 1. By way of the present appeal the Appellant/Department has challenged the order dated 27.02.2020 passed by the Ld. Commissioner of Income Tax (Appeals)- Mumbai-24 [‘CIT(A)’] under section 250 of the Income Tax Act, 1961 [Act] in appeal [CIT(A)- 24/ACIT-15(1)(2)/IT-10207/2018-19] for the assessment year 2011-12, whereby the Ld. CIT(A) had allowed the appeal filed by the Assessee against the assessment order, dated 19.12.2018, passed under section 143(3) read with Section 147 of the Act. 2. The Revenue has raised the following grounds of appeal:- “1. Whether on the facts and circumstances of the case and in law, the ld. CIT(A) was right in deleting the entire disallowance of Rs. 1,16,35,093/- Revenue by: Shri C.T. Mathews Sr. DR Assessee by: None ITA. No. 1345/Mum/2021 A.Y. 2011-12 2 worked out by the Assessing Officer u/s 14A r.w.s. 8D(2)(ii) on merits of the case?” 3. According to the Circular No. 17 of 2019, dated 08.08.2019, issued by the Central Board of Direct Taxes (CBDT) the monetary limit for filing departmental appeals before the Tribunal stands enhanced and departmental appeals are not be filed before the Tribunal in cases where the tax effect does not exceed the specified monetary limits of INR 50 Lakhs. We have perused the record. The tax effect in the present appeal below the aforesaid specified monetary limit and therefore, the present appeal is dismissed as „withdrawn/not pressed‟ in terms of the above-said circular. 4. It is, however, made clear that in case on re-verification the Revenue comes to the conclusion that the tax effect is higher than the above-said specified monetary limit, or the appeal falls within the exemption clause as contained in Circular No.3/2018, dated 11-7-2018 as amended by the letter [F.No.279/Misc.142/2007-ITJ (PT)], dated 20-8-2018 then the Revenue would be at liberty to file Miscellaneous Application seeking recall the present order. The application should be filed within time limit prescribed in the Act. 5. In the result, this appeal is dismissed as withdrawn. Order pronounced in the open court on 17 th February, 2022. Sd/- Sd/- (Shamim Yahya) Accountant Member (Rahul Chaudhary) Judicial Member मुंबई Mumbai; ददनांक Dated : 17/02/2022 Alindra, PS ITA. No. 1345/Mum/2021 A.Y. 2011-12 3 आदेश की प्रनिनिनि अग्रेनर्ि/Copy of the Order forwarded to : 1. अपीलाथी / The Appellant 2. प्रत्यथी / The Respondent. 3. आयकर आयुक्त(अपील) / The CIT(A)- 4. आयकर आयुक्त / CIT 5. दवभागीय प्रदतदनदध, आयकर अपीलीय अदधकरण, मुंबई / DR, ITAT, Mumbai 6. गार्ड फाईल / Guard file. आदेशधिुसधर/ BY ORDER, सत्यादपत प्रदत //True Copy// उि/सहधयक िंजीकधर /(Dy./Asstt. Registrar) आयकर अिीिीय अनर्करण, मुंबई / ITAT, Mumbai