DCIT CC 44, MUMBAI V. SHOBHANA MAJITHIA, MUMBAI

ITA 2994/MUM/2011

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 8923 (ITAT-MUMBAI)
• Duration Of Justice: 5 year(s) 8 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-01-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Next Hearing Date: 05-11-2014
• Assessment Year: 2007-2008
• Appeal Filed On: 15-04-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANTANU K SAIKIADR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL E BENCH, MUM BAI , BEFORE SHRI RAJENDRA, A.M. AND SHRI PAWAN SINGH,J.M . ./ ITA NO.2994/MUM/2011 / ASSESSMENT YEAR: 2007-08 ACIT-CENTRAL CIRCLE-44 ROOM NO.656, 6 TH FLOOR, AAYAKAR BHAVAN M.K. ROAD MUMBAI-400 020. VS. SHOBHANA MAJITHIA BUILDING NO.2, 5 TH FLOOR SHANTIKUTIR, SV ROAD ANDHERI (W) MUMBAI-400 058. PAN: ADMPM 7636 B ( / // / APPELLANT ) ( / RESPONDENT ) REVENUE BY: SHRI SANTANU K. SAIKIA-DR ASSESSEE BY: SH.APURVA SHAH / // / DATE OF HEARING: 09.01.2017 / DATE OF PRONOUNCEMENT:09.01.2017 , ,, , 1961 254(1) ORDER U/S.254(1)OF THE INCOME-TAX ACT,1961(ACT) , / PER RAJENDRA A.M. - THE ABOVE APPEAL WAS FILED BY THE ASSESSING OFFICER (AO)RAISING TWO GROUNDS OF APPEAL. IT WAS NOTICED THAT TAX EFFECT INVOLVED IN THE CASE UN DER CONSIDERATION WAS BELOW THE MONETARY LIMIT, (RS.10,00,000/-),PRESCRIBED BY THE CENTRAL BOARD OF DIRECT TAXES (CBDT), VIDE ITS CIRCULAR NO. 21/2015(F.NO.279/MISC. 142/2007-ITJ (P T.) DATED 10 TH DECEMBER, 2015. 2. DURING THE COURSE OF HEARING BEFORE US,THE DEPARTME NTAL REPRESENTATIVE (DR)FAIRLY CONCEDED THAT THE TAX INVOLVED IN THE APPEAL WAS LE SS THAN RS.10.00 LACS.CONSIDERING THESE FACTS,WE DISMISS THE APPEAL HOLDING IT AS NOT MAINT AINABLE. AS A RESULT,APPEAL FILED BY THE ASSESSING OFFICER STANDS DISMISSED. . ORDER PRONOUNCED IN THE OPEN COURT ON 09 TH ,JANUARY 2017. 09 , 2017 SD/- SD/- ( ! ' /PAWAN SINGH) ( #$% / RAJENDRA) & / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 09 .01.2017 . JV.SR.PS. 2994-SHOBHANA MAJITIA 2 / COPY OF THE ORDER FORWARDED TO : 1. APPELLANT / 2. RESPONDENT / 3. THE CONCERNED CIT(A)/ , 4. THE CONCERNED CIT / 5. DR E BENCH, ITAT, MUMBAI / , , . . . 6. GUARD FILE/ //TRUE COPY// / BY ORDER, / DY./ASST. REGISTRAR , /ITAT, MUMBAI.