ASST CIT CIR 4, MUMBAI V. MAHAVIR PLASTICS, MUMBAI

ITA 3102/MUM/2013

• Counselvise Citation: [2014] 120 COUNSELVISE.COM (IT) 8125 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 6 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-10-2014
• Appeal Filed By: Department
• Bench Allotted: B
• Next Hearing Date: 29-10-2014
• Assessment Year: 2003-2004
• Appeal Filed On: 23-04-2013
• Court: TRIBUNAL
• Department Lawyers: VIVEK BATRA SR
• Assessee Lawyers: S M BANDI CA; C H BANDE

Judgement Text

, , , , , IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES B, MUMBAI , BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER AND SHRI N. K. BILLAIYA, ACCOUNTANT MEMBER ITA NO.3102/MUM/2013 (A.Y. 2003-04) ACIT CIR-4 2 ND FLOOR, QURESHI MANSION GOKHALE ROAD, NAUPADA THANE (W)-400 602. / VS. M/S. MAHAVIR PLASTICS 701, VAN VIHAR SOCIETY NADADIADWALAL COLONY NO.1, S.V. RD. MALAD(W) MUMBAI. ( ! / // / APPELLANT) ( '# ! / RESPONDENT) P.A. NO.AAFFM 0094 D ! $ % $ % $ % $ % /APPELLANT BY : SHRI VIVEK BATRA-SR.AR '# ! $ % $ % $ % $ % /RESPONDENT BY : S/ SHRI C.H.BANDE AND S.M. BANDI -CA $ &'( / / / / DATE OF HEARING : 30.10.2014 )*+ $ &'( / DATE OF PRONOUNCEMENT : 30.10.2014 ,- ,- ,- ,- / / / / O R D E R PER JOGINDER SINGH (JM) : THE REVENUE IS AGGRIEVED BY THE IMPUGNED ORDER DAT ED 20/12/2012 OF THE LD. FIRST APPELLATE AUTHORITY DEL ETING THE PENALTY OF RS.3,14,182/- IMPOSED U/S. 271(1)(C) OF THE INCOME TAX ACT, 1961.(THE ACT). 2. AT THE TIME OF HEARING THE LD. DR SHRI VIVEK BATR A DEFENDED THE IMPOSITION OF PENALTY . ON THE OTHER HAND THE L D. COUNSEL FOR THE ITA NO.3102/MUM/2013 2 ASSESSEE CONTENDED THAT APPEAL OF THE REVENUE IS NO T MAINTAINABLE BEING BELOW PRESCRIBED MONETARY LIMIT. 3. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PER USED THE MATERIAL AVAILABLE ON RECORD. WE HAVE ALSO GONE THR OUGH THE CBDT INSTRUCTION NO.5/2014 DATED 10/7/2014 ISSUED ON 10/ 7/2014 F.NO.279/MISC.142/2007-IT(PT) WHEREIN THE MONETARY LIMIT FOR FILING THE APPEAL BEFORE THE TRIBUNAL IS RS.4.00 LACS, U/S. 26 0A, BEFORE THE HON'BLE HIGH COURT RS.10.00 LACS AND BEFORE THE HON'BLE APE X COURT THE LIMIT IS RS.25.00 LACS. UNCONTROVERTEDLY THE MONETARY LIMIT IN THE PRESENT APPEAL IS BELOW THE PRESCRIBED LIMIT . THEREFORE, THE APPEAL OF THE REVENUE IS NOT MAINTAINABLE. 4. FINALLY, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT IN THE PRESENCE OF LD. REPRESENTATIVES FROM BOTH SIDES AT THE CONCLUSION O F THE HEARING ON 30 TH DAY OF OCTOBER, 2014 . ,- $ )*+ .,/ 30.10.2014 * $ 6 SD/- SD/- (N.K. BILLAIYA) (JOGINDER SINGH) ( ,7 ( ,7 ( ,7 ( ,7 / ACCOUNTANT MEMBER ,7 ,7 ,7 ,7 / JUDICIAL MEMBER MUMBAI; ., DATED : 30 TH OCT. 2014. ../ JV, SR.PS . ITA NO.3102/MUM/2013 3 ,- $ '&8 98+& ,- $ '&8 98+& ,- $ '&8 98+& ,- $ '&8 98+&/ COPY OF THE ORDER FORWARDED TO : 1. ! / THE APPELLANT 2. '# ! / THE RESPONDENT. 3. : ( ) / THE CIT, MUMBAI. 4. : / CIT(A)-13, MUMBAI 5. 8=6 '& , , / DR, ITAT, MUMBAI 6. 6> ? / GUARD FILE. ,- ,- ,- ,- / BY ORDER, #8& '& //TRUE COPY// @ @@ @/ // /A B A B A B A B (DY./ASSTT. REGISTRAR) , , , , / ITAT, MUMBAI