ASST CIT 31(1), MUMBAI V. DHARMENDRA M PARIKH, MUMBAI

ITA 3825/MUM/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 4415 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 2 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2011-2012
• Appeal Filed On: 25-05-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAJEEV K GUBANGOTRA LD DR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL F BENCH, MUMBAI , , BEFORE SHRI SAKTIJIT DEY, JM AND SHRI MANOJ KUMAR AGGARWAL, AM 1. ./I.T.A. NO.3723/MUM/2017 ( / ASSESSMENT YEAR: 2012-13) DEPUTY COMMISSIONER OF INCOME TAX-5(2)(2) ROOM NO.571, 5 TH FLOOR AAYKAR BHAVAN, M.K.ROAD MUMBAI - 400 020 / VS. LAXMI DIAMOND PRIVATE LIMITED EW-2200, G-BLOCK BHARAT DIAMOND BOURSE BANDRA KURLA COMPLEX BANDRA (E),MUMBAI- 400 051 ! ./ ./PAN/GIR NO. AABCL-1815-G ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) & 2. ./I.T.A. NO.3861/MUM/2017 ( / ASSESSMENT YEAR: 2011-12) DEPUTY COMMISSIONER OF INCOME TAX-5(2)(2) ROOM NO.571, 5 TH FLOOR AAYKAR BHAVAN, M.K.ROAD MUMBAI-400 020 / VS. LAXMI DIAMOND PRIVATE LIMITED EW-2200, G-BLOCK BHARAT DIAMOND BOURSE BANDRA KURLA COMPLEX BANDRA (E),MUMBAI- 400 051 ! ./ ./PAN/GIR NO. AABCL-1815-G ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 3. ./I.T.A.NO.4244/MUM/2017 ( / ASSESSMENT YEAR:2010-11) INCOME TAX OFFICER - WARD 3(2) 2 ND FLOOR, RANI MANSION KALYAN-MURBAD ROAD NEAR SBI, KALYAN(W) KALYAN- 421 301 / VS. DINESH DEVCHAND SANGHVI 205, JOM VILLA, 2 ND FLOOR S.P. MUKHERJEE ROAD DOMBIVALI EAST MUMBAI ! ./ ./PAN/GIR NO. AMUPS-0932-R ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) & 4. ./I.T.A. NO.4245/MUM/2017 ( / ASSESSMENT YEAR:2011-12) INCOME TAX OFFICER - WARD 3(2) 2 ND FLOOR, RANI MANSION KALYAN-MURBAD ROAD / VS. DINESH DEVCHAND SANGHVI 205, JOM VILLA, 2 ND FLOOR S.P. MUKHERJEE ROAD 2 NEAR SBI, KALYAN(W) KALYAN - 421 301 DOMBIVALI EAST MUMBAI ! ./ ./PAN/GIR NO. AMUPS-0932-R ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 5. ./I.T.A. NO.4112/MUM/2017 ( / ASSESSMENT YEAR: 2013-14) DEPUTY COMMISSIONER OF INCOME TAX-8(3)(2) ROOM NO.615,6 TH FLOOR AAYKAR BHAVAN M.K.ROAD,CHURCHGATE MUMBAI-400 020 / VS. SUNIL LEKHI 1, ANAND NIWAS, A ROAD CHURCHGATE MUMBAI-400 020 ! ./ ./PAN/GIR NO. AAAPL-6110-A ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 6. ./I.T.A. NO.4165/MUM/2017 ( / ASSESSMENT YEAR:2009-10) DEPUTY COMMISSIONER OF INCOME TAX-13(2)(2) ROOM NO.146, 1 ST FLOOR AAYKAR BHAVAN,M.K.ROAD CHURCHGATE , MUMBAI - 400 020 / VS. SHRI GIRIRAJ METALEX PRIVATE LIMITED B-2/203, BREEZY CORNER MAHAVIR NAGAR, KANDIVALI (W) MUMBAI-400 067 ! ./ ./PAN/GIR NO. AAJCS-2480-A ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUB AN GOTRA, LD. DR & 7. ./I.T.A. NO.3825/MUM/2017 ( / ASSESSMENT YEAR:2011-12) ASSISTANT COMMISSIONER OF INCOME TAX-31(1) ROOM NO.111, 1 ST FLOOR C-13, B.K.C MUMBAI-400 051 / VS. DHARMENDRA M. PARKIH A-2, SHRUTI BUILDING A.K. VAIDYA MARG DINDOSHI GOREGAON (E) MUMBAI-400 063 ! ./ ./PAN/GIR NO. AACPP-4474-D ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : DEVENDRA JAIN, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 8. ./I.T.A. NO.4094/MUM/2017 ( / ASSESSMENT YEAR:2012-13) INCOME TAX OFFICER - 13(3)(4) / THINK BULL PRIVATE LIMITED 3 ROOM NO.216B AAYKAR BHAVAN, M.K.ROAD MUMBAI-400 020 VS. A-2202, 22 ND FLOOR AQUARIA GRANDE DEVIDAS EXT. ROAD NEXT TO ST. LAWRENCE SCHOOL BORIVALI (W),MUMBAI-400 103 ! ./ ./PAN/GIR NO. AACCT-9266-G ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : DEVENDRA JAIN, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 9. ./I.T.A. NO.4492/MUM/2017 ( / ASSESSMENT YEAR:2012-13) DEPUTY COMMISSIONER OF INCOME TAX-14(1)(2) ROOM NO.470, 4 TH FLOOR AAYKAR BHAVAN, M.K.ROAD MUMBAI-400 020 / VS. GODREJ AGROVET LIMITED PHOROJSHANAGAR EASTERN EXPRESS HIGHWAY VIKHROLI (E) MUMBAI-400 079 ! ./ ./PAN/GIR NO. AAACG-0617-Q ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : RAUNAK VARDHAN, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 10. ./I.T.A. NO.4009/MUM/2017 ( / ASSESSMENT YEAR:2010-11) ASSISTANT COMMISSIONER OF INCOME TAX-19(1) 2 ND FLOOR, MATRU MANDIR TARDEO ROAD MUMBAI-400 007 / VS. CHAITYA CC 2082 BHARAT DIAMOND BOURSE BKC, BANDRA MUMBAI-400 051 ! ./ ./PAN/GIR NO. AAAFC-1045-P ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : SUCHEK ANCHALIYA, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 11. ./I.T.A. NO.3768/MUM/2017 ( / ASSESSMENT YEAR: 2012-13) INCOME TAX OFFICER - 6(1)(3) ROOM NO.508, 5 TH FLOOR AAYKAR BHAVAN,M.K.ROAD MUMBAI-400 020 / VS. BRIJDA ROADLINES PRIVATE LIMITED BMC CASE NO.2, SHOP NO.4 SEWARI CROSS ROAD MUMBAI-400 015 ! ./ ./PAN/GIR NO. AABCB-7060-M ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : SANJAY JAIN, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 12. ./I.T.A. NO.4672/MUM/2017 ( / ASSESSMENT YEAR: 2012-13) 4 INCOME TAX OFFICER - 24(3)(3) ROOM NO.701, 7 TH FLOOR PIRAMAL CHAMBERS, LALBAUG MUMBAI-400 012 / VS. PICASSO CERAMICA B-12, HIND SAURASHTRA INDUSTRIAL ESTATE MAROL NAKA, ANDHERI(E) MUMBAI-400 059 ! ./ ./PAN/GIR NO. AAJFP-4195-J ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 13. ./I.T.A. NO.4383/MUM/2017 ( / ASSESSMENT YEAR:2007-08) ASSISTANT COMMISSIONER OF INCOME TAX-4(3)(1) ROOM NO.649,6 TH FLOOR AAYKAR BHAVAN, M.K.ROAD CHURCHGATE, MUMBAI-400 020 / VS. PRADIP KUMAR R. SHAH 2 ND FLOOR, SHREEJI BHAVAN MANGALDAS ROAD MUMBAI-400 002 ! ./ ./PAN/GIR NO. AAKPS-6292-G ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 14. ./I.T.A. NO.4006/MUM/2017 ( / ASSESSMENT YEAR:2011-12) ASSISTANT COMMISSIONER OF INCOME TAX-32(2) ROOM NO.308, 3 RD FLOOR,C-11 PRATAYAKSHKAR BHAVAN BKC, BANDRA(E), MUMBAI-400 051 / VS. JEKIN ENTERPRISES 702-A, PREM NAGAR BUILDING NO.5 MANDPESHWAR ROAD BORIVALI (W),MUMBAI-400 022 ! ./ ./PAN/GIR NO. AAAFJ-0648-R ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 15. ./I.T.A. NO.4377/MUM/2017 ( / ASSESSMENT YEAR: 2007-08) ASSISTANT COMMISSIONER OF INCOME TAX-4(3)(1) ROOM NO.649, 6 TH FLOOR AAYKAR BHAVAN, M.K.ROAD MUMBAI-400 020 / VS. QMAX SYNTHETICS PRIVATE LIMITED 5-B/174, SANJAY BUILDING MITTAL INDUSTRIAL ESTATE ANDHERI KURLA ROAD ANDHERI (E), MUMBAI-400 059 ! ./ ./PAN/GIR NO. AAACQ-0206-D ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 16. ./I.T.A. NO.4003/MUM/2017 5 ( / ASSESSMENT YEAR:2007-08) INCOME TAX OFFICER - 4(3)(3) ROOM NO.637, 6 TH FLOOR AAYKAR BHAVAN, M.K.ROAD CHURCHGATE MUMBAI-400 020 / VS. YUNICORN SYNTHETICS MILLS PRIVATE LIMITED BLOCK NO.2A JAI HIND BUILDING NO.1 DR. A.M.ROAD, BHULESHWAR MUMBAI-400 002 ! ./ ./PAN/GIR NO. AAACY-0340-A ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 17. ./I.T.A. NO.4551/MUM/2017 ( / ASSESSMENT YEAR: 2010-11) ASSISTANT COMMISSIONER OF INCOME TAX-3(1)(1) ROOM NO.607, 6 TH FLOOR AAYKAR BHAVAN, M.K.ROAD CHURCHGATE, MUMBAI-400 020 / VS. ADVANI HOTELS AND RESORTS LIMITED JOLLY MAKER-II 18A & B, 225 NARIMAN POINT MUMBAI-400 021 ! ./ ./PAN/GIR NO. AAACR-6389-Q ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 18. ./I.T.A. NO.3883/MUM/2017 ( / ASSESSMENT YEAR: 2013-14) ASSISTANT COMMISSIONER OF INCOME TAX-17(3) ROOM NO.137, 1 ST FLOOR AAYKAR BHAVAN, M.K.ROAD, CHURCHGATE, MUMBAI-400 020 / VS. SUNIL FULCHAND SHAH 189/191, MILAN BUILDING 2 ND FLOOR, BAZARGATE STREET FORT,MUMBAI-400 001 ! ./ ./PAN/GIR NO. AAIPS-6851-P ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 19. ./I.T.A. NO.4155/MUM/2017 ( / ASSESSMENT YEAR:2012-13) DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE 2 2 ND FLOOR, MOHAN PLAZA KHADAKPADA, WAYALE NAGAR KALYAN(W), KALYAN-421 301 / VS. OM SAI CONSTRUCTION 2 ND FLOOR, NANDI COMMERCIAL COMPLEX, NEAR DNS BANK SHIVDHAM, AMBERNATH WEST THANE- 421 501 ! ./ ./PAN/GIR NO. AABFO-8754-C ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE 6 REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 20. ./I.T.A. NO.4154/MUM/2017 ( / ASSESSMENT YEAR:2012-13) DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE 2 2 ND FLOOR, MOHAN PLAZA KHADAKPADA, WAYLE NAGAR KALYAN (W),KALYAN-421 301 / VS. PANVELKAR SANKUL 1 ST FLOOR NANDI COMMERCIAL COMPLEX SHIV DHAM, OPP.DNS BANK AMBERNATH-421 501 ! ./ ./PAN/GIR NO. AALFP-3569-L ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 21. ./I.T.A. NO.4650/MUM/2017 ( / ASSESSMENT YEAR:2011-12) DEPUTY COMMISSIONER OF INCOME TAX -CENTRAL CIRCLE 8(4) ROOM NO.658, 6 TH FLOOR AAYKAR BHAVAN,M.K.ROAD MUMBAI-400 020 / VS. PARAS SHANTILAL PORWAL B-2101, SHANTI KAMAL CHS DR. B.A.ROAD, CHINCHPOKLI MUMBAI-400 012 ! ./ ./PAN/GIR NO. AGUPP-7069-G ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 22. ./I.T.A. NO.4324/MUM/2017 ( / ASSESSMENT YEAR:2011-12) ASSISTANT COMMISSIONER OF INCOME TAX-CIRCLE 2(3)(1) ROOM NO.552, 5 TH FLOOR AAYKAR BHAVAN,M.K.ROAD MUMBAI-400 020 / VS. ZENSAR TECHNOLOGIES LIMITED KHARADI, PLOT NO.4 MIDC, OFF NAGAR ROAD PUNE-401 114 ! ./ ./PAN/GIR NO. AAACF-0742-K ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : PRANAY KOTHARI, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 23. ./I.T.A. NO.3877/MUM/2017 ( / ASSESSMENT YEAR:2011-12) ASSISTANT COMMISSIONER OF INCOME TAX-CIRCLE 1 ASHARI.T.PARK, 6 TH FLOOR B WING, ROOM NO.22 ROAD NO. 16Z WAGLE INDUSTRIAL ESTATE / VS. DIL LIMITED DIL COMPLEX, G.B. ROAD MAJIWADA, THANE(W) THANE-400 610 7 THANE(W)-400 604 ! ./ ./PAN/GIR NO. AAACD-0525-E ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : VIPUL K. MODY, LD. AR REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 24. ./I.T.A. NO.4594/MUM/2017 ( / ASSESSMENT YEAR: 2009-10) ASSISTANT COMMISSIONER OF INCOME TAX-CIRCLE 6(2)(2) ROOM NO.563, AAYKAR BHAVAN M.K.ROAD, CHURCHGATE MUMBAI-400 020 / VS. EXXON MOBIL COMPANY PRIVATE LIMITED KALPTARU POINT PLOT NO.107 GROUND FLOOR, ROAD NO.8 SION(E) MUMBAI-400 022 ! ./ ./PAN/GIR NO. AAACE-3157-H ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 25. ./I.T.A. NO.4425/MUM/2017 ( / ASSESSMENT YEAR:2010-11) ASSISTANT COMMISSIONER OF INCOME TAX-CIRCLE 3 2 ND FLOOR, RANI MANSION MURBAD ROAD KALYAN (W)-421 301 / VS. NARENDRA GOVIND POTNIS ROOM NO.210, 2 ND FLOOR SABARMATI BUILDING KATEMANIVALI, KALYAN(E) DIST.THANE-421 306 ! ./ ./PAN/GIR NO. ABAPP-3726-B ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 26. ./I.T.A. NO.3941/MUM/2017 ( / ASSESSMENT YEAR:2010-11) INCOME TAX OFFICER - 25(2)(1) ROOM NO.505, C-10 5 TH FLOOR PRATYAKSHAKAR BHAVAN BANDRAKULRA COMPLEX BANDRA (E), MUMBAI-400 051 / VS. ACTUBE ENTERPRISES 27/ LAXMI FLAT OWNERS CHS LTD,M.G ROAD EXTENSION VILE PARLE(E) MUMBAI-400 057 ! ./ ./PAN/GIR NO. AABFA-2570-J ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 27. ./I.T.A. NO.4055/MUM/2017 ( / ASSESSMENT YEAR: 2010-11) INCOME TAX OFFICER - 25(3)(3) ROOM NO.606, C-10 / VS. RENUKA DEVENDRA CHOPRA B-16, CHAND SOCIETY 8 PRATYAKSHKAR BHAVAN, BKC BANDRA(E) , MUMBAI - 400 051 JUHU CHURCH, SANTACRUZ(W) MUMBAI - 400 051 ! ./ ./PAN/GIR NO. AAWPC-5944-K ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 28. ./I.T.A. NO.4246/MUM/2017 ( / ASSESSMENT YEAR:2011-12) INCOME TAX OFFICER - WARD 3(2) 2 ND FLOOR, RANI MANSION KALYAN- MURBAD ROAD NEAR SBI, KALYAN(W) KALYAN-421 301 / VS. PANNASING J. CHA DANA DHARMA MOBILE SHRI.NARYAN VAZE COMPOUND MANGAON, KALYAN SHILL ROAD DOMBIVALI(E),MUMBAI ! ./ ./PAN/GIR NO. ALJPC-7133-L ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 29. ./I.T.A. NO.4189/MUM/2017 ( / ASSESSMENT YEAR: 2009-10) ASSISTANT COMMISSIONER OF INCOME TAX-10(1)(1) ROOM NO.209 AAYKAR BHAVAN,M.K.ROAD CHURCHGATE MUMBAI - 400 020 / VS. HUNTER DOUGLES (INDIA) PRIVATE LIMITED C-102, MANGALYA BUILDING MAROL MAROSHI ROAD ANDHERI(E) MUMBAI - 400 05 7 ! ./ ./PAN/GIR NO. AAACH-2712-F ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUB AN GOTRA, LD. DR & 30. ./I.T.A. NO.4001/MUM/2017 ( / ASSESSMENT YEAR: 2011-12) ASSISTANT COMMISSIONER OF INCOME TAX-32(1) PRATYAKSHKAR BHAVAN ROOM NO.209, 2 ND FLOOR BUILDING NO. C-11 BANDRA KURLA COMPLEX BANDRA (E),MUMBAI-400 051 / VS. ABHISHEK INFRASTRUCTURE A-2 SAI MANSAROVAR CHS LIMITED SATYA NAGAR BORIVALI (W) MUMBAI-400 092 ! ./ ./PAN/GIR NO. AAQFA-3772-K ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 31. ./I.T.A. NO.4417/MUM/2017 9 ( / ASSESSMENT YEAR: 2013-14) ASSISTANT COMMISSIONER OF INCOME TAX-17(3) ROOM NO.137, 1 ST FLOOR AAYKAR BHAVAN, M.K.ROAD MUMBAI-400 020 / VS. SHABBIR A. KHARGOONWALA 73, GROUND FLOOR KAZI SAYED STREET MUMBAI-400 003 ! ./ ./PAN/GIR NO. AAGPK-9696-N ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR & 32. ./I.T.A. NO.4416/MUM/2017 ( / ASSESSMENT YEAR:2013-14) ASSISTANT COMMISSIONER OF INCOME TAX-17(3) ROOM NO.137,1 ST FLOOR AAYKAR BHAVAN, M.K.ROAD, CHURCHGATE, MUMBAI-400 020 / VS. SAIFUDDIN M. KHARGOONWALA 112, SHOP NO.8 V.V. CHANDAN STREET MUMBAI-400 003 ! ./ ./PAN/GIR NO. AAGPK-9695-R ( !# /APPELLANT ) : ( $%!# / RESPONDENT ) ASSESSEE BY : NONE REVENUE BY : RAJEEV K. GUBANGOTRA, LD. DR / DATE OF HEARING : 03/08/2018 / DATE OF PRONOUNCEMENT : 03/08/2018 / O R D E R PER BENCH 1. THE BUNCH OF CAPTIONED APPEALS BY REVENUE FOR VA RIOUS ASSESSMENT YEARS CONTEST SEPARATE ORDERS OF LD. FIR ST APPELLATE AUTHORITY QUA CERTAIN RELIEF PROVIDED TO THE CAPTIONED ASSESSEES. ALL THE SE APPEALS HAVE BEEN LISTED TODAY IN THE WAKE OF RECENTLY ISSU ED LOW TAX EFFECT CIRCULAR NO.03/2018 DATED 11/07/2018 BY CENTRAL BOARD OF DIRECT TAXES [CBDT] AND THEREFORE, DISPOSED-OFF BY WAY OF THIS COMMON O RDER FOR THE SAKE OF CONVENIENCE AND BREVITY. 10 2. OUR ATTENTION HAS BEEN DRAWN TO THE FACT THAT TA X EFFECT OF QUANTUM ADDITIONS / PENALTY AS AGITATED BY THE REVENUE IN A LL THESE APPEALS IS LESS THAN THE THRESHOLD LIMIT OF RS.20 LACS AND THEREFOR E, THE SAME IS COVERED BY RECENTLY ISSUED LOW TAX EFFECT CIRCULAR NO.03/2018 DATED 11/07/2018 ISSUED BY CENTRAL BOARD OF DIRECT TAXES [CBDT]. THE LD. DR, SHRI RAJEEV K.GUBANGOTRA, WHILE CONCEDING THE AFORESAID FACT, SUBMITTED THAT NECESSARY INSTRUCTIONS / CERTIFICATES, IN THIS REGA RD, WOULD BE REQUIRED FROM HIGHER AUTHORITIES AS PRESCRIBED. 3. WE HAVE GONE THROUGH THE CIRCULAR AND FIND THAT THE TAX EFFECT FOR QUANTUM IN DISPUTE IN ALL THESE APPEALS IS BELOW PR ESCRIBED LIMIT OF RS.20 LACS AND THE ASSESSEES STOOD BENEFITTED BY THE ABOV E CIRCULAR ISSUED BY CBDT WHEREIN THE MINIMUM MONETARY LIMIT FOR FILING THE APPEALS BEFORE VARIOUS APPELLATE AUTHORITIES HAVE BEEN FIXED AS UN DER:- S. NO. APPEALS/ SLPS IN INCOME-TAX MATTERS MONETARY LIMIT (RS.) 1 BEFORE APPELLATE TRIBUNAL 20.00,000 2 BEFORE HIGH COURT 50.00,000 3 BEFORE SUPREME COURT 1,00.00,000 THE AFORESAID LIMITS, AS PER PARA-13 OF THE CIRCULAR APPLY TO PENDING APPEALS ALSO. FURTHER AS PER PARA-4 OF THE SAID CIRCULAR, TAX EFFECT MEAN QUANTUM OF PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. IN VIEW OF THE STATED POSITION, WE DISMISS THE BUNCH OF REVENUES APPEAL. 4. SO FAR AS THE CONTENTION RAISED BY LD. DR IS CON CERNED, WE FIND THAT AFORESAID CIRCULAR DOES NOT ENVISAGE OBTAINING OF A NY CERTIFICATE FROM ANY AUTHORITIES, IN ANY MANNER. NEVERTHELESS, THE REVEN UE IS FREE TO MOVE APPROPRIATE APPLICATION TO RECALL THIS ORDER, IF AT A LATER STAGE, IT IS FOUND 11 THAT THE MATTER IS COVERED BY ANY EXCEPTIONS PROVID ED IN THE AFORESAID CIRCULAR OR THE TAX EFFECT ON THE AMOUNTS INVOLVED IN THE APPEALS IS ABOVE THE THRESHOLD LIMIT OF RS. 20 LACS. 5. RESULTANTLY, THE BUNCH OF CAPTIONED APPEALS STA ND DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 03 RD AUGUST, 2018 SD/- S D/- (SAKTIJIT DEY) (MANO J KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 03.08.2018 SR.PS:-THIRUMALESH ! / COPY OF THE ORDER FORWARDED TO : 1. !# / THE APPELLANT 2. $%!# / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. + ,$ - , - , / DR, ITAT, MUMBAI 6. , ./0 / GUARD FILE / BY ORDER, / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI