DCIT 5(2)(2), MUMBAI V. M PALLONJI SHIPPING P. LTD, MUMBAI

ITA 2616/MUM/2015

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 2039 (ITAT-MUMBAI)
• Duration Of Justice: 7 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2010-2011
• Appeal Filed On: 06-05-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI , . , , BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER, AND SHRI D. KARUNAKAR RAO, ACCOUNTANT MEMBER ITA NO.2130/MUM/2015 ASSESSMENT YEAR: 2006-07 ACIT, CIRCLE-21(3), ROOM NO.209, 2 ND FLOOR, PIRAMAL CHAMBERS, PAREL, MUMBAI-400012 / VS. M/S RAMNIKLAL GOSALIA & CO. NATIONAL HOUSE, 608, R.J. MARG, JACOB CIRCLE, 302, LANDMARK, MUMBAI-400011 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AADFR2284G ITA NO.2616/MUM/2015 ASSESSMENT YEAR: 2010-11 DCIT-5(2)(2), R. NO.571, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S M PALLONJI SHIPPING P. LTD. 46, VEETRAG CHAMBERS, CAWASJI PATEL STREET, MUMBAI-400001 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AAECM4615L 2 ITA NO.4531/MUM/2015 ASSESSMENT YEAR: 2009-10 ACIT-32(3), ROOM NO.108, C-11, PRATYAKSHA KAR BHAVAN, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI-400051 / VS. M/S SOLUTION 1, B-506, SHREE KEDARNATH BLDG. OPP. GOKULANAND HOTEL, W E HIGHWAY, DAHISAR (E), MUMBAI-400068 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. ABDFS8159C ITA NO.5062/MUM/2015 ASSESSMENT YEAR: 2009-10 ITO, WARD-3(1), THANE, ASHAR I.T. PARK, 6 TH FLOOR, B WINGH, ROOM NO.3, WAGALE INDL. ESTATE, ROAD NO.16Z, THANE(W) / VS. SHRI NAUSHAD J. NOORANI, PROP. N.T. TRADERS, A/2, 801 VIKAS COMPLEX, CASTLE MILL, L.B.S. MARG, THANE-400601 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AAHPN5163C ITA NO.1968/MUM/2015 ASSESSMENT YEAR: 2007-08 ITO, WARD(1), KALYAN, 1 ST FLOOR, MOHAN PLAZA, WAYALE NAGAR, KHADAKPAD, KALYAN / VS. SHRI ANAND GOVIND BHOI, A-102, SHIVSHRISHTI RESIDENCY ADARSH PARK, BEHIND AJAY NAGAR, BHIWANDI-421302 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AATPB1531C 3 ITA NO.1557/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT, CIRCLE NO.3(1)(2), ROOM NO.607, 6 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020 / VS. M/S GROWELL CONSULTANTS PVT. LTD. 11D, HARBOUR HEIGHTS, N.A. SAWANT MARG, COLABA, MUMBAI-400005 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AACCG0915F ITA NO.4727/MUM/2015 ASSESSMENT YEAR: 2011-12 ACIT-33(3), ROOM NO.409, 4 TH FLOOR, C-13, PRATYAKSHA KAR BHAVAN, B.K.C. BANDRA (EAST), MUMBAI-400051 / VS. M/S TMS ASSOCIATES, 2/1, SAVITRI APARTMENT, M.G. ROAD, KANDIWALI (W), MUMBAI-400067 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AAEFT5305R ITA NO.3838/MUM/2015 ASSESSMENT YEAR: 2011-12 DCIT, CIRCLE-3(1)(1), ROOM NO.607, 6 TH FLOOR, AAYAKAR BHAVAN, MUMBAI-400020 / VS. M/S CONCAST (I) LTD. 47/48, JOLLY MAKER CHAMBER-II, NARIMAN POINT, MUMBAI-400021 ( / REVENUE) ( !'#$% /ASSESSEE) P AN. NO. AAACC1759M 4 ITA NO.1976/MUM/2014 ASSESSMENT YEAR: 2008-09 DCIT-24(2), C-13, 6 TH FLOOR, PRATYAKSHAKAR BHAVAN, BKC, BANDRA (EAST), MUMBAI-400051 / VS. SHRI JAYSUKH V HIRAPARA, 502, SATSANG TOWER, UPPER GOVIND NAGAR, MALAD (WEST), MUMBAI-400097 ( / REVENUE) ( !'#$% /ASSESSEE) PAN. NO. AAAPP8907D & !' ( %) / DATE OF HEARING : 28/12/2015 ( %) / DATE OF ORDER: 28/12/2015 / O R D E R PER BENCH THIS BUNCH OF NINE APPEALS IS BY THE REVENUE IN THE CASES OF DIFFERENT ASSESSEES CHALLENGING THE IMPUGN ED RESPECTIVE ORDER OF DIFFERENT DATES, PASSED BY THE LD. FIRST APPELLATE AUTHORITY, MUMBAI. 2. AT THE OUTSET, IT WAS BROUGHT TO OUR NOTICE THA T THE TAX EFFECT IN THE RESPECTIVE APPEAL IS BELOW PRESCR IBED MONETARY LIMIT. THIS FACTUAL MATRIX WAS CONSENTED T O BE CORRECT BY THE RESPECTIVE LD. DR. 2.1. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL AVAILABLE ON RECORD. WE NOTE T HAT THE TAX ! / REVENUE BY SHRI K. RAVI RAMCHANDRAN AND SHRI SUJIT BANGAR !'#$% ! / ASSESSEE BY NONE 5 EFFECT IN THE RESPECTIVE APPEAL IS BELOW THE PRESCR IBED MONETARY LIMIT OF RS.10 LAKH. 2.2. IN VIEW OF THE FACT THAT THE TAX EFFECT IN THE RESPECTIVE APPEAL IS BELOW PRESCRIBED MONETARY LIMI T, AS CONTAINED IN CBDT INSTRUCTION NO.3/2011 DATED 09/02 /2011, FURTHER INSTRUCTION NO.5/2014 (F NO.279/MISC./142/2 007- IT(PT) DATED 10/07/2014, THE CBDT REVISED THE MONET ARY LIMIT FOR FILING THE APPEAL BEFORE VARIOUS AUTHORITIES/CO URTS VIDE CBDT CIRCULAR NO.21 OF 2015, DATED 10/12/2015 (F NO.279/MISC./142/2007-IT(PT), WITH RETROSPECTIVE EF FECT AND ADVISED/DIRECTED THE DEPARTMENT NOT TO FILE APPEAL IN THE CASES WHERE THE TAX EFFECT DOES NOT EXCEED 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/ - AS PER THE AFORESAID INSTRUCTION/REVISED MONETARY L IMIT, THE DEPARTMENT IS NOT TO FILE APPEAL BEFORE THE TRI BUNAL, WHEREIN, THE TAX EFFECT IS LESS THAN RS.10,00,000/- , CONSEQUENTLY, THESE APPEALS OF THE REVENUE ARE NOT MAINTAINABLE. THEREFORE, IN VIEW OF UNCONTROVERTED CONTENTION OF THE LD. DR AND THE AFOREMENTIONED CIRCULAR OF CB DT, THE APPEALS OF THE REVENUE ARE DISMISSED AS NOT MAINTAI NABLE. 6 FINALLY, THE APPEALS OF THE REVENUE ARE DISMISSED A S NOT MAINTAINABLE. THIS ORDER WAS PRONOUNCED IN THE OPEN COURT IN THE PRESENCE OF THE LD. REPRESENTATIVE FROM BOTH SIDES AT THE CONCLUSION OF THE HEARING ON 28/12/2015. SD/- SD/- ( D. KARUNAKAR RAO ) (JOGINDER SINGH) '!# / ACCOUNTANT MEMBER $!# /JUDICIAL MEMBER & ' MUMBAI; +! DATED : 28/12/2015 F{X~{T? P.S/. !. . %$&'()(*& / COPY OF THE ORDER FORWARDED TO : 1. ,-./ / THE APPELLANT (RESPECTIVE ASSESSEE) 2. 01./ / THE RESPONDENT. 3. 2 2 & 3% ( ,- ) / THE CIT, MUMBAI. 4. 2 2 & 3% / CIT(A)- , MUMBAI, 5. 56 0%!' , 2 ,-) ,' , & ' / DR, ITAT, MUMBAI 6. # ' / GUARD FILE. ! / BY ORDER, 15-% 0% //TRUE COPY// /! (DY./ASSTT. REGISTRAR) , & ' / ITAT, MUMBAI