ADDL CIT RG 3(3), MUMBAI V. SURESH K GURSAHANI, MUMBAI

ITA 1971/MUM/2012

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 3302 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 2 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-06-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 31-03-2015
• Assessment Year: 2007-2008
• Appeal Filed On: 22-03-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B S BIST SR DR
• Assessee Lawyers: PRAKASH K JOTWANI
• Keywords: Retrospective amendment; Tax effect

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES D, MUMBAI , , , BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER, AND SHRI ASHWANI TANEJA, ACCOUNTANT MEMBER ITA NO.1971/MUM/2012 ASSESSMENT YEAR: 2007-08 ITO-3(3)(3), ROOM NO. 672, 6 TH FLOOR, AAYAKAR BHAWAN, M.K. ROAD, MUMBAI 400020 / VS. SHRI SURESH K. GURSAHANI 8, CLIFF TOWER, MOUNT MARY ROAD, BANDRA (W), MUMBAI. PAN. NO. AABPG9032F ITA NOS.1974 & 1975/MUM/2012 ASSESSMENT YEAR: 2007-08 ITO-3(3)(3), ROOM NO. 672, 6 TH FLOOR, AAYAKAR BHAWAN, M.K. ROAD, MUMBAI 400020 / VS. SHRI JITENDRA GUL GURSAHANI 701, GRACE RESIDENT BUILDING, 21 ST ROAD, BANDRA (W), MUMBAI. PAN NO. AEPPG9694F ( / REVENUE ) ( !' # /ASSESSEE) ITA NOS.1971, 1974 & 1975/MUM/2012 SURESH K. GURSAHANI & JITENDRA GUL GURSAHANI 2 / REVENUE BY SHRI B.S. BIST (SR. DR) !' # / ASSESSEE BY SHRI PRAKASH K. JOTWANI $ % & # ' / DATE OF HEARING : 06/06/2016 & # ' / DATE OF ORDER: 06/06/2016 / O R D E R PER JOGINDER SINGH (JUDICIAL MEMBER) THESE APPEALS ARE BY THE REVENUE, AGGRIEVED BY THE RESPECTIVE ORDERS DT. 30.12.2011 OF THE LD. COMMISS IONER OF INCOME TAX (APPEAL) AND PERTAINS TO DIFFERENT ASSES SEES FOR A.Y 2007-08. 2. DURING HEARING OF THESE APPEALS, AT THE OUTSET, SHRI PRAKASH K. JOTWANI, LD. COUNSEL FOR THE ASSESSEE CO NTENDED THAT IN THE PRESENT RESPECTIVE APPEAL, THE TOTAL TA X EFFECT IS BELOW PRESCRIBED MONETARY LIMIT OF RS.10 LAKH FOR F ILING THE APPEAL BEFORE THIS TRIBUNAL. THE LD. DR, SHRI B.S. BIST, DID NOT CONTROVERT THE FACTUAL MATRIX. 2.1. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL AVAILABLE ON RECORD . IN VIEW OF THE ABOVE, IT IS NOTED THAT THE TAX EFFECT IN THE RESPE CTIVE APPEAL IS BELOW PRESCRIBED LIMIT OF RS.10 LAKH FOR FILING THE APPEAL BEFORE THE TRIBUNAL, AS CONTAINED IN CBDT INSTRUCTI ON NO.21 OF 2015, DATED 10/12/2015 (F NO.279/MISC./142/2007- IT(PT), APPLICABLE WITH RETROSPECTIVE EFFECT, WHERE IN, THE DEPARTMENT WAS ADVISED/DIRECTED BY THE BOARD NOT T O FILE ITA NOS.1971, 1974 & 1975/MUM/2012 SURESH K. GURSAHANI & JITENDRA GUL GURSAHANI 3 APPEAL IN THE CASES WHERE THE TAX EFFECT DOES NOT E XCEED THE FOLLOWING MONETARY LIMIT.:- SL. NO. APPEALS IN INCOME TAX MATTERS MONETARY LIMIT (IN RS.) 1. BEFORE ITAT 10,00,000/ - 2. U/S 260 A BEFORE HONBLE HIGH COURT 20,00,000/ - 3. BEFORE HONBLE SUPREME COURT 25,00,000/ - IN VIEW OF THE ABOVE INSTRUCTION, SINCE, THE TAX EF FECT IS LESS THAN RS.10,00,000/-, CONSEQUENTLY, THE APPEALS OF THE REVENUE ARE NOT MAINTAINABLE, THEREFORE, DISMISSED . FINALLY, THE APPEALS OF THE REVENUE ARE DISMISSED A S NOT MAINTAINABLE. THIS ORDER WAS PRONOUNCED IN THE OPEN COURT IN THE PRESENCE OF LD. REPRESENTATIVES FROM BOTH SIDES AT THE CONCLUSION OF THE HEARING ON 06/06/2016. SD/- SD/- ( ASHWANI TANEJA ) (JOGINDER SINGH) '# / ACCOUNTANT MEMBER $# / JUDICIAL MEMBER $ % MUMBAI; ) DATED : 06/06/2016 *SSL* %$&'()(*& / COPY OF THE ORDER FORWARDED TO : 1. *+,- / THE APPELLANT 2. ./,- / THE RESPONDENT. 3. 0 0 $ 1# ( *+ ) / THE CIT, MUMBAI. 4. 0 0 $ 1# / CIT(A)- , MUMBAI 5. 23 .# , 0 *+' * 4 , $ % / DR, ITAT, MUMBAI 6. ! 5% / GUARD FILE. / BY ORDER, /2+# .# //TRUE COPY// / (DY./ASSTT. REGISTRAR) , $ % / ITAT, MUMBAI