INCOME TAX OFFICER-24(1)(4), MUMBAI V. GREEN WOODS CO-OP. HSG.SOC.LTD, MUMBAI

ITA 3866/MUM/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 4482 (ITAT-MUMBAI)
• Duration Of Justice: 2 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2014-2015
• Appeal Filed On: 01-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SATISH CHANDRA RAJORE
• Keywords: Audit objection; Tax effect
• Section: 115JB

Judgement Text

1 A IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, MUMBAI BEFORE SHRI JOGINDER SINGH , JUDICIAL MEMBER AND SHRI RAMIT KOCHAR, ACCOUNTANT MEMBER ./ I.T.A. NO. 3877 / MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14 ) DCIT, CENTRAL CIR 7(1) R.NO. 653, 6 TH FLOOR, AAYAKAR BHAWAN, M. K. ROAD, MUMBAI 400020 / V. M/S. PAN INDIA NETWORK LTD., 135, CONTINENTAL BUILDING, DR. ANNIE BESANT ROAD, WORLI, MUMBAI - 400018 ./ PAN : AACCP245 9H ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. JAY BHANSALI ./ I.T.A. NO.3852/ MUM/2018 ( / ASSESSMENT YEAR : 2014 - 15) DCIT - 10(2)(2) R.NO. 216 - A, 2 ND FLOOR, AAYAKAR BHAWAN, M.K. ROAD, MUMBAI 400020 / V. M/S. METAL POWER ANALYTICAL (I) P. LTD., B - 48, RAJ INDUSTRIAL COMPLEX, MILITARY ROAD, MAROL, ANDHERI(E), MUMBAI 400059 ./ PAN : AACCM4836D ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. VIJAY JOSHI 2 ./ I.T.A. NO.4132/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14) ACIT - 24(1) ROOM NO. 604, PIRAMAL CHAMBERS, LALBAUG, PAREL, MUMBAI 400012 / V. SHRI. ARVINDSINGH P. CHANDOCK, 45, HOTEL IMPERIAL PALACE, TELLY PARK ROAD, ANDHERI (E), MUMBAI - 400069 ./ PAN : AAAPC6904D ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE , DR ASSESSEE BY: NONE ./ I.T.A. NO.4098/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14) DCIT - 14(3)(1) R.NO. 455, 4 TH FLOOR, AAYAKAR BHAWAN, M.K. ROAD, MUMBAI 400020 / V. PRADEP NATHALAL THAKKAR DATTANI, 403, B WING, KRUSHAL TOWERS, G.M. ROAD, CHEMBUR, MUMBAI 400089 ./ PAN : ACFPT2002F ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE , DR ASSESSEE BY: NONE ./ I.T.A. NO.4064/ MUM/2018 ( / ASSESSMENT YEAR : 2010 - 11) ACIT - 19(3) MATRU MANDIR, 2 ND FLOOR, / M/S. VISHWASHAKTI CONSTRUCTION 3 R.NO. 206, TARDEO ROAD, MUMBAI 400007 V. 7 TH KHETWADI LANE, 10 ATUL NIWAS BUILDING , 1 ST FLOOR, NO. 20/21, MUMBAI 4000 24 ./ PAN : AACFV6900A ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE , DR ASSESSEE BY: NONE ./ I.T.A. NO. 4125 / MUM/2018 ( / ASSESSMENT YEAR : 2007 - 08 ) ACIT - 24(3) ROOM NO. 413, 4 TH FLOOR, PIRAMAL CHAMBERS, LALBAUG, PAREL, MUMBAI 400012 / V. MOHD. NISAR YUNUS SHEIKH B - 301, BABA SADAN, RATAN NAGAR, FOUR BUNGLOWS, ANDHERI(W), MUMBAI 400053 ./ PAN : AAOPS7537G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE , DR ASSESSEE BY: NONE ./ I.T.A. NO.4063/ MUM/2018 ( / ASSESSMENT YEAR : 2011 - 12) ACIT - 19(3) MATRU MANDIR, 2 ND FLOOR, R.NO. 206, TARDEO ROAD, MUMBAI 400051 / V. MR. S. NARENDRA, FC - 9011/9031, BHARAT DIAMOND BOURSE, BANDRA KURLA COMPLEX, BANDRA(E), MUMBAI 400051 ./ PAN : AAAFS2994P 4 ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.3866/ MUM/2018 ( / ASSESSMENT YEAR : 2014 - 15) ITO - 24(1)(4) ROOM NO. 607, 6 TH FLOOR, PIRAMAL CHAMBERS, LALBAUG, PAREL, MUMBAI 400012 / V. M/S. GREEN WOODS, CO - OP. HSG.SOC. LTD., CST NO. 274, 281/1C, 282, M.V. ROAD, ANDHERI KURLA ROAD, ANDHERI (E), MUMBAI 400093 ./ PAN : AAAAG8018P ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. PRAKASH JHUNJHUNWALA ./ I.T.A. NO.4 215 / MUM/2018 ( / ASSESSMENT YEAR : 20 11 - 12 ) DCIT - 13(3)(1) R.NO. 229/219, 2 ND FLOOR, AAYAKAR BHAWAN, M.K. ROAD, MUMBAI 400020 / V. M/S. RISHABRAJ ESTATE DEVELOPERS PVT. LTD., 501, RAJ BHAVAN, ROAD NO. 1/9, DOULAT NAGAR, BORIVALI(E), MUMBAI 4000 66 ./ PAN : AAACS5700N ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR 5 ASSESSEE BY: NONE ./ I.T.A. NO.3913/ MUM/2018 ( / ASSESSMENT YEAR : 2011 - 12) DCIT CENTRAL CIR - 4(1) R.NO. 1916/ 19 TH FLOOR, AIR INDIA BUILDING, NARI MAN POINT, MUMBAI 400021 / V. SHRI. VIRENDRA KUMAR SINGH, G - 1, THAKUR HOUSE, ASHOK NAGAR, KANDIVALI(E), MUMBAI 400101 ./ PAN : AAEPS8168B ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.4101/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14) ITO - 24(2)(5) ROOM NO. 611, 6 TH FLOOR, PIRAMAL CHAMBERS, LALBAUG, PAREL, MUMBAI 400012 / V. SHRI. MURTUZA SAUFUDDIN THANAWALA, ASHOK TOWER, B - 2, 1103 OFF MILITARY ROAD, MAROL, ANDHERI (E), MUMBAI 400072 ./ PAN : AACPT0028P ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.4300/ MUM/2018 ( / ASSESSMENT YEAR : 2014 - 15) 6 DCIT - 3(1)(1) R.NO. 607, 6 TH FLOOR, AAYAKAR BHAWAN, M.K. ROAD, MUMBAI 400020 / V. M/S. ALD AUTOMOTIVE P. LTD., 13, FLOOR, MAKER CHAMBER - IV, NARIMAN POINT, MUMBAI 4000 21 ./ PAN : AAFCA0924K ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.4046/ MUM/2018 ( / ASSESSMENT YEAR : 2010 - 11) ITO 31(2)(5) C - 13, 1 ST FLOOR, PRATYAKSHAKAR BHAVAN, BKC BANDRA (E), MUMBAI 400051 / V. SHRI. P. RAMSUBRA MANIAN, 318/320, SUNBEAM, 25 - B, NEW CHARNI ROAD, MUMBAI 400004 ./ PAN : AFSPM2745R ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.3903 & 3904/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14 & 2014 - 15) ACIT - 11(1)(2) R.NO. 1, G ROUND FLOOR, AAYAKAR BHAVAN, M.K MARG, MUMBAI 400020 / V. M/S. UNIFRAX INDIA LTD., 503, KAILASH TOWER, BEHIND STC COLONY, ANDHERI (E), MUMBAI 400069 7 ./ PAN : AAACO2313 B ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. BHADRESH DOSHI ./ I.T.A. NO.3920 & 3921/ MUM/2018 ( / ASSESSMENT YEAR : 2008 - 09 & 2009 - 10) DCIT CENTRAL CIR - 8(2) R.NO. 658, 6 TH FLOOR, AAYAKAR BHAVAN, M.K MARG, MUMBAI 400020 / V. SHRI. FAROOQ ALI KHAN, NO. 21, BENSON A CROSS ROAD, BENSON TOWN POST, BANGALORE - 560046 ./ PAN : ABYPK7991D ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.3983/ MUM/2018 ( / ASSESSMENT YEAR : 2012 - 13) ACIT - 24(2) ROOM NO. 413, PIRAMAL CHAMBERS, LALBAUG, PAREL, MUMBAI 400012 / V. SMT. HARSHA H SHAH, 301, 308, 3 RD FLOOR, BHAGWATI HOUSE,VEERA DESAI ROAD, ANDHERI(W), MUMBAI 400058 ./ PAN : ABHPS6795E ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.3950/ MUM/2018 ( / ASSESSMENT YEAR : 2009 - 10) 8 JCIT (TDS) (OSD) - 2(3), ROOM NO. 718, 7 TH FLOOR, SMT. K.G. MITTAL AYURVEDIC HOSPITAL BUILDING, CHARNI ROAD (W), MUMBAI 400002 / V. M/S. TATA COMMUNICATIONS LTD., VIDESH SANCHAR BHAVAN, MAHATMA GANDHI ROAD, FORT, MUMBAI 4000 0 1 ./ PAN : AAACV2808C ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. KAIKOBAD DAMANIA ./ I.T.A. NO.7207/ MUM/2017 ( / ASSESSMENT YEAR : 2013 - 14) ACIT RANGE16(2) R.NO 440, 4 TH FLOOR, AAYAKAR BHAWAN, MUMBAI 400020 / V. SHRI. S. GANESH, 10, 2 ND FLOOR, FAIR FIELD, JS MALANI ROAD, CHURCHGATE, MUMBAI 400020 ./ PAN : AAGPS5047M ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.429/ MUM/2018 ( / ASSESSMENT YEAR : 2012 - 13) DCIT CENTRAL CIR. 6(3) R.NO. 1925/ 19 TH FLOOR, AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400021 / V. M/S. EXCEL CROP CARE LTD. (FORMERELY KNOWN AS WEST COAST OXYGEN LTD.) 184 - 187, EXCEL ESTATE, S.V. ROAD, JOGESHWARI (W), MUMBAI 400108 ./ PAN : AAACW3810D 9 ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. KIRIT R. KAMDAR (AR) ./ I.T.A. NO.7206/ MUM/2017 ( / ASSESSMENT YEAR : 2014 - 15) ACIT 16(2) R. NO. 440, 4TH FLOOR,AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. SHRI. DIPESH SAMPAT MEHTA, DHOOP CHHAON, PLOT NO. 201, ROAD NO. 28, SHRI NARSINH MEHTA MARG, BANDRA(W), MUMBAI 400050 ./ PAN : AABPM1112E ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7022 & 7024/ MUM/2017 ( / ASSESSMENT YEAR : 2009 - 10 & 2012 - 13) DCIT 4(3)(2) R. NO. 649, 6 TH FLOOR,AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. S KUMAR LTD., 99, NIRANJAN, GROUND FLOOR, MARINE LINES, MUMBAI 400020 ./ PAN : AAACS0728A ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7154/ MUM/2017 10 ( / ASSESSMENT YEAR : 2014 - 15) ITO 15(3)(4) 15B, GOUND F LOOR,AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. S.M AKER MANAGEMENT SERVICES P. LTD., C - 19, 1 ST FLOOR, KANTILAL MAGANLAL ESTATE, PANNALAL COMPOUND, L.B.S MARG, BHANUP (W), MUMBAI 4000 78 ./ PAN : AAMCS8388Q ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7159/ MUM/2017 ( / ASSESSMENT YEAR : 2013 - 14) DCIT - 3(3)(2) R.NO. 609, 6 TH FLOOR,AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. TANGENT ELECTRONICS PVT. LTD., 171, 17 TH FLOOR, C WING, MITTAL COURT, NARIMAN POINT, MUMBAI 400021 ./ PAN : AACCG2237L ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.3932/ MUM/2018 ( / ASSESSMENT YEAR : 2012 - 13) DCIT - 16(1) R.NO. 439 , AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. ENTERTAINMENT NETWORK (I) LTD., 4 TH FLOOR, A - WING, MATULYA CENTRE, SENAPATI BAPAT 11 MARG, LOWER PAREL(W), MUMBAI 4000 13 ./ PAN : AAACE7796G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7103/ MUM/2017 ( / ASSESSMENT YEAR : 2010 - 11) DCIT - 8(1)(1) R.NO. 624 , 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. RAGHUVEER URBAN CONSTRUCTION P. LTD., GATE NO. 2, SHREE RAM MILLS PREMISES, GANPATRAO KDAM MARG, LOWER PAREL(W) , MUMBAI 400013 ./ PAN : AADCR8737M ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7078/ MUM/2017 ( / ASSESSMENT YEAR : 2013 - 14) ITO 3(3)(4) R.NO. 672, 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. WINEVER INDUSTRIAL ENTERPRISES P. LTD., B - 106, B - WING, 10 TH FLOOR, MITTAL TOWER, NARIMAN POINT, MUMBAI 400021 ./ PAN : AACCB6410E ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE 12 ./ I.T.A. NO.4273/ MUM/2018 ( / ASSESSMENT YEAR : 2009 - 10) ITO 33(1)(3) R. NO. 707, 7 TH FLOOR, BUI LDING NO. C - 12 , PRATYAKSHAKAR BHAVAN, BKC BANDRA (E), MUMBAI 400051 / V. CHETAN B. BARAWALIA FLAT NO. 602, NU MODERN SOCEITY, DHANUKARWADI, CAPT. SAMEER CHANDRAWARKAR LANE, KANDIVALI (W) MUMBAI 400067 ./ PAN : ACIPB2717K ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO. 7368/ MUM/2017 ( / ASSESSMENT YEAR : 2014 - 15) DCIT 15( 3)( 2 ) R.NO. 451 , 4 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. SIEVERT INDIA P. LTD., NO.16 & 17, PLOT NO. 2, PHASE II, SEC - 2, NERUL, NAVI MUMBAI 400 70 6 ./ PAN : AAFCS3557G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO. 65/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14) ACIT 25(3) R. NO. 601, 6 TH FLOOR, C - 10, PRATYAKSHAKAR BHAVAN, BKC BANDRA (E), MUMBAI 400051 / V. M/S. S.S. ENTERPRISES, GROUND FLOOR, CHANDRA VILLA, NEHRU ROAD, VILE PARLE (E), MUMBAI 400057 13 ./ PAN : AADFS4279G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.206/ MUM/2018 ( / ASSESSMENT YEAR : 2007 - 08) DCIT CIR - 8(3)(1) R.NO. 615, 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. TURNKEY ELECTRICALS P. LTD. PLOT NO. 236/13, TEKCHAND NIWAS, KEWAL ANAND SOC., OPP. GTBN STATION, SION(E)(MUMBAI 400022 ./ PAN : AAACT1459M ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.218/ MUM/2018 ( / ASSESSMENT YEAR : 2008 - 09) ACIT - 20(2), ROOM NO. 217, 2 ND FLOOR, PIRAMAL CHAMBERS, LALBAUG, PAREL, MUMBAI 400012 / V. M/S. PRAKASH K. SHAH 26, 2 ND FLOOR, 234 OM NIWAS, R.A KIDWAI ROAD, WADALA, MUMBAI 4000 31 ./ PAN : AAKPS5648G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR 14 ASSESSEE BY: NONE ./ I.T.A. NO.6956/ MUM/2017 ( / ASSESSMENT YEAR : 2012 - 13) DCIT CIR - 3(2)(1) R.NO. 608, 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. THE INDIAN EXPRESS LTD., 2 ND FLOOR, EXPRESS TOWER, NARIMAN POINT, MUMBAI 40002 1 ./ PAN : AACCT1148F ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.333/ MUM/2018 ( / ASSESSMENT YEAR : 2011 - 12) DCIT - 9(3)(1) R.NO. 215, 2 ND FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. DUFLON INDUSTRIES P. LTD., 3 NEEL DHARA APARTMENT , GORUND FLOOR, SHARADHANAND EXT. ROAD,VILE PARLE (E) , MUMBAI 400057 ./ PAN : AAACD1668G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7398/ MUM/2017 ( / ASSESSMENT YEAR : 2013 - 14) 15 DCIT - 3(3)(2) R.NO. 609, 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. VIDEOCON TELECOMMUNICATIONS LTD., 171 - C, 17 TH FLOOR, C - WING, MITTAL COURT, NARIMAN POINT, MUMBAI 400021 ./ PAN : AACCD6756F ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7349/ MUM/2017 ( / ASSESSMENT YEAR : 2012 - 13) ITO 16(2) - 3 R.NO. 441, 4 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. C.C. CHOKSHI & CO., MAFATLAL HOUSE, 6 TH FLOOR, BACKBAY RECLAMATION, MUMBAI 400020 ./ PAN : AAAFC0866E ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. NINAD PATADE ./ I.T.A. NO.7297/ MUM/2017 ( / ASSESSMENT YEAR : 2009 - 10) ACIT 16(2) R.NO. 440, 4 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. ECONOMIC LAW PRACTICE 1001 - 1003 - A, DALAMAL TOWER, NARIMAN POINT, MUMBAI 40002 1 ./ PAN : AAGPS5047M 16 ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7356/ MUM/2017 ( / ASSESSMENT YEAR : 2014 - 15) ITO 25(1)(5) C - 10, 406, 4 TH F LOOR, BKC COMPLEX, MUMBAI 400051 / V. TEJAS S. PARIKH (HUF) 302, RAJYOG BLDG., OLD NAGARDAS ROAD, ANDHERI (E), MUMBAI 400069 ./ PAN : AACHT4070P ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.09/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14) ITO (IT) 1(2)(1) R.NO. 118, 1 ST FLOOR, SCINDIA HOUSE, N.M ROAD, BALLARD ESTATE, MUMBAI 400038 / V. MIHIR SUDHIR BHATIA 2310, HIDDEN VALLEY DRIVE, SANTA ROSA, USA ./ PAN : BJUPB8879G ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.6922/ MUM/2017 ( / ASSESSMENT YEAR : 2013 - 14) 17 DCIT - 6(3)(1) R.NO. 506, 5 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. INDIA FASHION S LTD., 369, A - 2, SHAH AND NAHAR INDUSTRIAL ESTATE, LOWER PAREL (W) , MUMBAI 400013 ./ PAN : AABCI4292A ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. MAHESH O. RAJORA ./ I.T.A. NO.69/ MUM/2018 ( / ASSESSMENT YEAR : 2013 - 14) ITO (IT) 2(1) ( 1 ) R.NO. 1724/ 17 TH FLOOR, AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400021 / V. SHRI AMAN ASHWINBHAI DESAI, PLOT NO. 353/B - 10, BLOCK NO. 4, VRINDAVAN SOCIETY, 2 ND FLOOR, VALLABHBAUG EXTENSION ROAD, OPP. SAI MANDIR, MUMBAI 400077 ./ PAN : AFIPD9634A ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.508/ MUM/2018 ( / ASSESSMENT YEAR : 2010 - 11) DCIT CC 7(3) R.NO. 655, AAYAKAR BHAVAN, M.K ROAD, NEW MARINE LINES,MUMBAI 400020 / V. SMT. SHASHI AGARWAL, 201, UGANI, 9 TH ROAD, JVPD SCHEME, JUHU, ANDHERI (W) MUMBAI 400058 ./ PAN : AAWPA9455B 18 ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI JIGAR MEHTA ./ I.T.A. NO. 571 / MUM/2018 ( / ASSESSMENT YEAR : 2014 - 15) ITO (IT) 3(1)(1) R.NO. 1 628 , AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400021 / V. SMT. MRIDULA JHA, INDIA BULLS FINANCE CENTRE, TOWER - 3,27 TH - 32 ND FLOOR, SENAPATI BAPAT MARG, ELPHISTONE ROAD, MUMBAI 400013 ./ PAN :ADMPJ2926R ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO. 6 908 TO 6 910/ MUM/2017 ( / ASSESSMENT YEAR : 2008 - 09, 2009 - 10 & 2011 - 12) ACIT CENTRAL CIRCLE 1 R. NO. 10, A - WING, 6 TH FLOOR, ASHAR IT PARK, ROAD NO. 16 - Z, WAGLE INDUSTRIAL ESTATE, THANE(W),THANE , MAHARASHTRA / V. M/S. VALUABLE TECHNOLOGIES P. LTD., 53/1, MEDIA INFO TECH PAR K, ROAD NO.7, ANDHERI (E), MUMBAI 400069 ./ PAN :AACCV2732P ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. RAKESH JOSHI 19 ./ I.T.A. NO.584/ MUM/2018 ( / ASSESSMENT YEAR : 2014 - 15) DCIT CENTRAL CIRCLE 8(1) R.NO. 656, 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, MUMBAI 400020 / V. M/S. KAMAL MALIK 5B, DOLPHIN APT., PILOT BUNDER ROAD, COLABA, MUMBAI 4000 05 ./ PAN :ABLPM8428Q ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.7113/ MUM/2017 ( / ASSESSMENT YEAR : 2011 - 12) ITO WARD 8(1)(3) R.NO. 662 , 6 TH FLOOR, AAYAKAR BHAVAN, M.K ROAD, NEW MARINES LINES, MUMBAI 400020 / V. NAYANT MANEKLAL SAVANI 3 RD FLOOR, BROADWAY CENRE, DR. AMBEDKAR ROAD, DADAR T.T, MUMBAI 400014 ./ PAN :AABPS9346J ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. VIPUL K. MODY ./ I.T.A. NO.432/ MUM/2018 ( / ASSESSMENT YEAR : 2014 - 15) DCIT CENTRAL CIR - 6(4) R.NO. 1925/ 19 TH FLOOR, AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400021 / V. SHRI. VIRENDRA JAIN, 82, MAKES CHAMBER - III, NARIMAN POINT, MUMBAI 400021 20 ./ PAN :AABPJ1882E ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI. DHARMENDRA SINGH ./ I.T.A. NO.7402/ MUM/2017 ( / ASSESSMENT YEAR : 2014 - 15) ITO - 2(2)(2) R.NO. 549, 5 TH FLOOR, AAYAKAR BHAV AN, M.K ROAD, MUMBAI 400020 / V. M/S. LAGUNA DEVELOPERS P. LTD., 1SR FLOOR, DUBASH HOUSE, 15, J N HERADIA MARG, BALLARD ESTATE, MUMBAI - 4000 38 ./ PAN :AABCL0945M ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE ./ I.T.A. NO.163/ MUM/2018 ( / ASSESSMENT YEAR : 2012 - 13) DCIT CENTRAL CIRCLE 3(3) R.NO. 1923/ 19 TH FLOOR, AIR INDIA BUILDING, NARIMAN POINT, MUMBAI 400021 / V. M/S. ASHAPURA MINECHEM LTD., 3 RD FLOOR, JEEVAN UDOG BLDG, D.N ROAD, FORT, MUMBAI 400001 ./ PAN :AAACA0957F ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: NONE 21 ./ I.T.A. NO.7007/ MUM/2017 ( / ASSESSMENT YEAR : 2012 - 13) DCIT 10(2)(2) R.NO. 216 - A, AAYAKAR BHAV AN, M.K ROAD, MUMBAI 400020 / V. M/S. MANAS PROPERTIES P. LTD., 10 TH FLOOR, DEV PLAZA, S.V. ROAD, ANDHERI(W), MUMBAI 400058 ./ PAN :AAECM2637C ( / APPELLANT ) .. ( / RESPONDENT ) REVENUE BY : SHRI SATISH CHANDRA RAJORE, DR ASSESSEE BY: SHRI HITESH JAIN / DATE OF HEARING : 10.08 .2018 / DATE OF PRONOUNCEMENT : 10.08 .2018 / O R D E R PER BENCH : THESE FIFTY FOUR APPEAL S FILED BY THE REVENUE ARE DISPOSED OF BECAUSE THE TAX EFFECT IN EACH OF THE SE FIFTY FOUR APPEAL S IS LESS THAN RS. 20 LACS AS PER CBDT CIRCULAR NO. 3/2018, F. NO. 279/MISC.142/2007 - ITJ (PT) DATED 11 TH JULY, 2018 ISSUED BY CENTRAL BOARD OF DIRECT TAXES, DEPARTMENT OF REVENUE, MINISTRY OF FINANCE, GOVERNMENT OF INDIA. 2. THE CBDT CIRCULAR NO. 3/2018 IS APPLICABLE TO THESE FIFTY FOUR APPEAL S AND THESE APPEAL S FILED BY THE REVENUE ARE NOT MAINTAINABLE IN TERMS OF CBDT CIRCULAR NO 3/2018 DATED 11.07.2018 . THE SAID CBDT CIRCULAR DATED 11.07.2018 IS REPRODUCED AS HERE UNDER: - CIRCULAR NO. 3/2018 F NO 279/MISC. 142/2007 - ITJ (PT) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD DIRECT TAXES NEW DELHI THE 11 TH JULY, 2018 SUBJECT: REVISION OF MONETARY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT B EFORE INCOME TAX APPELLATE TRIBUNAL, HIGH COURTS AND SLPS/APPEALS BEFORE SUPRE ME COURT - MEASURES FOR REDUCING LITIGATION - REG. 22 REFERENCE IS INVITED TO BOARD'S CIRCULAR NO. 21 OF 2015 DATED 10.12.2015 WHEREIN MONETARY LIMITS AND OTHER CONDITIONS FOR FILING DEPARTMENTAL APPEALS (IN INCOME - TAX MATTERS) BEFORE INCOME TAX APPELLATE TRIBUNAL, HIGH COURTS AND SLPS/ APPEALS BEFORE SUPREME COURT WERE SPECIFIED. 2. IN SUPERSESSION OF THE ABOVE CIRCULAR, IT HAS BEEN DECIDED BY THE BOARD THAT DEPARTMENTAL APPE ALS MAY BE FILED ON MERITS BEFORE INCOME TAX APPELLATE TRIBUNAL AND HIGH COURTS AND SLPS/ APPEALS BEFORE SUPREME COURT KEEPING IN VIEW THE MONETARY LIMITS AND CONDITIONS SPECIFIED BELOW. 3. HENCEFORTH, APPEALS/ SLPS SHALL NOT BE FILED IN CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMITS GIVEN HEREUNDER: 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 IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED MERELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETARY LIMITS PRESCRIBED ABOVE. FILING OF APPEAL IN SUCH CASES IS TO BE DECIDED ON MERITS OF THE CASE. 4. FOR THIS PURPOSE, TAX EFFECT' MEANS THE DIFFERENCE BETWEEN THE TAX ON THE TOTAL INCOME ASSESSED AND THE TAX THAT WOULD HAVE BEEN CHARGEABLE HAD SUCH TOTAL INCOME BEEN REDUCED BY THE AMOUNT OF INCOME IN RESPECT OF THE ISSUES AGAINST WHICH APPEAL IS INTENDED TO BE FILED (HERE INAFTER REFERRED TO AS 'DISPUTED ISSUES'). FURTHER, 'TAX EFFECT SHALL BE TAX INCLUDING APPLICABLE SURCHARGE AND CESS. HOWEVER, THE TAX WILL NOT INCLUDE ANY INTEREST THEREON, EXCEPT WHERE CHARGEABILITY OF INTEREST ITSELF IS IN DISPUTE. IN CASE THE CHARGEAB ILITY OF INTEREST IS THE ISSUE UNDER DISPUTE, THE AMOUNT OF INTEREST SHALL BE THE TAX EFFECT. IN CASES WHERE RETURNED LOSS IS REDUCED OR ASSESSED AS INCOME, THE TAX EFFECT WOULD INCLUDE NOTIONAL TAX ON DISPUTED ADDITIONS. IN CASE OF PENALTY ORDERS, THE TAX EFFECT WILL MEAN QUANTUM OF PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. 5. THE ASSESSING OFFICER SHALL CALCULATE THE TAX EFFECT SEPARATELY FOR EVERY ASSESSMENT YEAR IN RESPECT OF THE DISPUTED ISSUES IN THE CASE OF EVERY ASSESSEE. IF, IN THE CASE OF AN ASSESSEE, THE DISPUTED ISSUES ARISE IN MORE THAN ONE ASSESSMENT YEAR, APPEAL CAN BE FILED IN RESPECT OF SUCH ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IN RESPECT OF THE DISPUTED ISSUES EXCEEDS THE MONETARY LIMIT SPECIFIED IN PARA 3 . NO APPEAL SHALL BE FILED IN RESPECT OF AN ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IS LESS THAN THE MONETARY LIMIT SPECIFIED IN PARA 3. IN OTHER WORDS, HENCEFORTH, APPEALS CAN BE FILED ONLY WITH REFERENCE TO THE TAX EFFECT IN THE RELEVANT ASSESSM ENT YEAR. HOWEVER, IN CASE OF A COMPOSITE ORDER OF ANY HIGH COURT OR APPELLATE AUTHORITY, WHICH INVOLVES MORE THAN ONE ASSESSMENT YEAR AND COMMON ISSUES IN MORE THAN ONE ASSESSMENT YEAR, APPEALS SHALL BE FILED IN RESPECT OF ALL SUCH ASSESSMENT YEARS EVEN I F THE TAX EFFECT IS LESS THAN THE PRESCRIBED MONETARY LIMITS IN ANY OF THE YEAR(S), IF IT IS DECIDED TO FILE APPEAL IN RESPECT OF THE YEAR(S) IN WHICH TAX EFFECT EXCEEDS THE MONETARY LIMIT PRESCRIBED. IN CASE WHERE A COMPOSITE ORDER/ JUDGEMENT INVOLVES MOR E THAN ONE ASSCSSEE, EACH ASSESSEE SHALL BE DEALT WITH SEPARATELY. 6. FURTHER, WHERE INCOME IS COMPUTED UNDER THE PROVISIONS OF SECTION 115JB OR SECTION 115JC, FOR THE PURPOSES OF DETERMINATION OF 'TAX EFFECT', TAX ON THE TOTAL INCOME ASSESSED SHALL BE C OMPUTED AS PER THE FOLLOWING FORMULA - (A B) + (C D) 23 WHERE, A = THE TOTAL INCOME ASSESSED AS PER THE PROVISIONS OTHER THAN THE PROVISIONS CONTAINED IN SECTION 115JB OR SECTION 115JC (HEREIN CALLED GENERAL PROVISIONS); B = THE TOTAL INCOME THAT WOULD HAVE BEEN CHARGEABLE HAD THE TOTAL INCOME ASSESSED AS PER THE GENERAL PROVISIONS BEEN REDUCED BY THE AMOUNT OF THE DISPUTED ISSUES UNDER GENERAL PROVISIONS; C = THE TOTAL INCOME ASSESSED AS PER THE PROVISIONS CONTAINED IN SECTION 115JB OR SECTION 115JC; D = THE TOTAL INCOME THAT WOULD HAVE BEEN CHARGEABLE HAD THE TOTAL INCOME ASSESSED AS PER THE PROVISIONS CONTAINED IN SECTION 115JB OR SECTION 115JC WAS REDUCED BY THE AMOUNT OF DISPUTED ISSUES UNDER THE SAID PROVISIONS: HOWEVER, WHERE THE AMOUNT OF DISPUTED ISSUES IS CONSIDERED BOTH UNDER THE PROVISIONS CONTAINED IN SECTION 115JB OR SECTION 115JC AND UNDER GENERAL PROVISIONS, SUCH AMOUNT SHALL NOT BE REDUCED FROM TOTAL INCOME ASSESSED WHILE DETERMINING THE AMOUNT UNDER ITEM D. 7. IN A CASE WHERE APPEAL BEFORE A TRIBUNAL OR A COURT IS NOT FILED ONLY ON ACCOUNT OF THE TAX EFFECT BEING LESS THAN THE MONETARY LIMIT SPECIFIED ABOVE, THE PR. COMMISSIONER OF INCOME - TAX/ COMMISSIONER OF INCOME TAX SHALL SPECIFICALLY RECORD THAT 'EVEN TH OUGH THE DECISION IS NOT ACCEPTABLE, APPEAL I S NOT BEING FILED ONLY ON THE CONSIDERATION THAT THE TAX EFFECT IS LESS THAN THE MONETARY LIMIT SPECIFIED IN THIS CIRCULAR'. FURTHER, IN SUCH CASES, THERE WILL BE NO PRESUMPTION THAT THE INCOME - TAX DEPARTMENT HA S ACQUIESCED IN THE DECISION ON THE DISPUTED ISSUES. THE INCOME - TAX DEPARTMENT SHALL NOT BE PRECLUDED FROM FILING AN APPEAL AGAINST THE DISPUTED ISSUES IN THE CASE OF THE SAME ASSESSEE FOR ANY OTHER ASSESSMENT YEAR, OR IN THE CASE OF ANY OTHER ASSESSEE FOR THE SAME OR ANY OTHER ASSESSMENT YEAR, IF THE TAX EFFECT EXCEEDS THE SPECIFIED MONETARY LIMITS. 8. IN THE PAST, A NUMBER OF INSTANCES HAVE COME TO THE NOTICE OF THE BOARD, WHEREBY AN ASSESSEE HAS CLAIMED RELIEF FROM THE TRIBUNAL OR THE COURT ONLY ON THE GROUND THAT THE DEPARTMENT HAS IMPLICITLY ACCEPTED THE DECISION OF THE TRIBUNAL OR COURT IN THE CASE OF THE ASSESSEE FOR ANY OTHER ASSESSMENT YEAR OR IN THE CASE OF ANY OTHER ASSESSEE FOR THE SAME OR ANY OTHER ASSESSMENT YEAR, BY NOT FILING AN APPEAL ON TH E SAME DISPUTED ISSUES. THE DEPARTMENTAL REPRESENTATIVES/COUNSELS MUST MAKE EVERY EFFORT TO BRING TO THE NOTICE OF THE TRIBUNAL OR THE COURT THAT THE APPEAL IN SUCH CASES WAS NOT FILED OR NOT ADMITTED ONLY FOR THE REASON OF THE TAX EFFECT BEING LESS THAN T HE SPECIFIED MONETARY LIMIT AND, THEREFORE, NO INFERENCE SHOULD BE DRAWN THAT THE DECISIONS RENDERED THEREIN WERE ACCEPTABLE TO THE DEPARTMENT. ACCORDINGLY, THEY SHOULD IMPRESS UPON THE TRIBUNAL OR THE COURT THAT SUCH CASES DO NOT HAVE ANY PRECEDENT VALUE AND ALSO BRING TO THE NOTICE OF THE TRIBUNAL/ COURT THE PROVISIONS OF SUB SECTION (4) OF SECTION 268A OF THE INCOME - TAX ACT, 1961 WHICH READ AS UNDER : '(4) THE APPELLATE TRIBUNAL OR COURT, HEARING SUCH APPEAL OR REFERENCE, SHALL HAVE REGARD TO THE ORDER S, INSTRUCTIONS OR DIRECTIONS ISSUED UNDER SUB - SECTION ( 1 ) AND THE CIRCUMSTANCES UNDER WHICH SUCH APPEAL OR APPLICATION FOR REFERENCE WAS FILED OR NOT FILED IN RESPECT OF ANY CASE.' 9 AS THE EVIDENCE OF NOT FILING APPEAL DUE TO THIS CIRCULAR MAY HAVE TO BE PRODUCED IN COURTS, THE JUDICIAL FOLDERS IN THE OFFICE OF PR.CSIT/ CSIT MUST BE MAINTAINED IN A SYSTEMIC MANNER FOR EASY RETRIEVAL. 10. ADVERSE JUDGMENTS RELATING TO THE FOLLOWING ISSUES SHOULD BE CONTESTED ON MERITS NOTWITHSTANDING THAT THE TAX EFFEC T ENTAILED IS LESS THAN THE MONETARY LIMITS SPECIFIED IN PARA 3 ABOVE OR THERE IS NO TAX EFFECT: (A) WHERE THE CONSTITUTIONAL VALIDITY OF THE PROVISIONS OF AN ACT OR RULE IS UNDER CHALLENGE, OR (B) WHERE BOARD'S ORDER, NOTIFICATION, INSTRUCTION OR CIRCU LAR HAS BEEN HELD TO BE ILLEGAL OR ULTRA VIRES, OR (C) WHERE REVENUE AUDIT OBJECTION IN THE CASE HAS BEEN ACCEPTED BY THE DEPARTMENT, OR (D) WHERE THE ADDITION RELATES TO UNDISCLOSED FOREIGN ASSETS/ BANK ACCOUNTS. 24 11. THE MONETARY LIMITS SPECIFIED IN PARA 3 ABOVE SHALL NOT APPLY TO WRIT MATTERS AND DIRECT TAX MATTERS OTHER THAN INCOME TAX. FILING OF APPEALS IN OTHER DIRECT TAX MATTERS SHALL CONTINUE TO BE GOVERNED BY RELEVANT PROVISIONS OF STATUTE AND RULES. FURTHER, IN CASES WHERE THE TAX EFFECT IS N OT QUANTIFIABLE OR NOT INVOLVED, SUCH AS THE CASE OF REGISTRATION OF TRUSTS OR INSTITUTIONS UNDER SECTION 12A/12AA OF THE IT ACT, 1961 ETC., FILING OF APPEAL SHALL NOT BE GOVERNED BY THE LIMITS SPECIFIED IN PARA 3 ABOVE AND DECISION TO FILE APPEALS IN SUCH CASES MAY BE TAKEN ON MERITS OF A PARTICULAR CASE. 12. IT IS CLARIFIED THAT THE MONETARY LIMIT OF RS. 20 LAKHS FOR FILING APPEALS BEFORE THE ITAT WOULD APPLY EQUALLY TO CROSS OBJECTIONS UNDER SECTION 253(4) OF THE ACT. CROSS OBJECTIONS BELOW THIS MONETA RY LIMIT, ALREADY FILED, SHOULD BE PURSUED FOR DISMISSAL AS WITHDRAWN/ NOT PRESSED. FILING OF CROSS OBJECTIONS BELOW THE MONETARY LIMIT MAY NOT BE CONSIDERED HENCEFORTH. SIMILARLY, REFERENCES TO HIGH COURTS AND SLPS/ APPEALS BEFORE SUPREME COURT BELOW THE MONETARY LIMIT OF RS. 50 LAKHS AND RS. 1 CRORE RESPECTIVELY SHOULD BE PURSUED FOR DISMISSAL AS WITHDRAWN/ NOT PRESSED. REFERENCES BEFORE HIGH COURT AND SLPS/ APPEALS BELOW THESE LIMITS MAY NOT BE CONSIDERED HENCEFORTH. 13. THIS CIRCULAR WILL APPLY TO SLPS/APPEALS/CROSS OBJECTIONS/REFERENCES TO BE FILED HENCEFORTH IN SC/HCS/TRIBUNAL AND IT SHALL ALSO APPLY RETROSPECTIVELY TO PENDING SLPS/APPEALS/CROSS OBJECTIONS/REFERENCES. PENDING APPEALS BELOW THE SPECIFIED TAX LIMITS I N PARA 3 ABOVE MAY BE WITHDRAWN/ NOT PRESSED . 14. THE ABOVE MAY BE BROUGHT TO THE NOTICE OF ALL CONCERNED. 15. THIS ISSUES UNDER SECTION 268A OF THE INCOME - TAX ACT 1961. 16. HINDI VERSION WILL FOLLOW. SD/ - (NEETIKA BANSAL) DIRECTOR (ITJ), CBDT, NEW DELHI. COPY TO: 1 . THE CHAIRMAN, MEMBERS AND ALL OTHER OFFICERS IN CBDT OF THE RANK OF UNDER SECRETARY AND ABOVE. 2. ALL PR. CHIEF COMMISSIONERS OF INCOME TAX AND ALL DIRECTORS GENERAL OF INCOME TAX WITH A REQUEST TO BRING TO THE AT TENTION OF ALL OFFICERS. 3. ADG (PR, PP& OL) T MAYUR BHAWAN, NEW DELHI FOR PRINTING IN THE QUARTERLY TAX BULLETIN AND FOR CIRCULATION AS PER USUAL MAILING LIST. 4. THE COMPTROLLER AND AUDITOR GENERAL OF INDIA. 5. ADG (VIGILANCE), MAYUR BHAWAN, NEW DELHI. 6. THE JOINT SECRETARY & LEGAL ADVISOR, MINISTRY OF LAW & JUSTICE, NEW DELHI. 7. ALL DIRECTORATES OF INCOME - TAX, NEW DELHI AND DGIT (NADT), NAGPUR. 8. ITCC (3 COPIES). 9. THE ADG (SYSTEM) - 4, FOR UPLOADING ON THE DEPARTMENT'S WEBSITE. 10. DATA BA SE CELL FOR UPLOADING ON IRSOFFICERSONLINE.GOV.IN. 11. [e-mail] FOR UPLOADING ON NJRS. 12. HINDI CELL FOR TRANSLATION. 13. GUARD FILE. DIRECTOR (ITJ) CBDT, NEW DELHI 25 THE LD. D R SUBMITTED THAT AS PER THE CBDT CIRCULAR NO. 3/2018, F. NO. 27 9/MISC.142/2007 - ITJ (PT) DATED 11 TH JULY, 2018 ISSUED BY CENTRAL BOARD OF DIRECT TAXES, DEPARTMENT OF REVENUE, MINISTRY OF FINANCE, GOVERNMENT OF INDIA, NO APPEAL SHALL BE FILED BY THE REVENUE IN RESPECT OF AN ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFE CT IS LESS THAN THE MO NETARY LIMIT SPECIFIED IN PARA 3 OF THE CIRCULAR PARA 3 OF THE CIRCULAR NO. 3/2018 S NO. APPEALS IN INCOME TAX MATTERS MONETARY LIMIT (IN RS) 1 BEFORE APPELLATE TRIBUNAL 20,00,000/ - 2 BEFORE HIGH COURT 50,00,000/ - 3 BEFORE SUPREME COURT 10,000,000/ - IN THE SAID CIRCULAR VIDE PARA 13, IT IS STIPULATED THAT THIS INSTRUCTION WILL APPLY RETROSPECTIVELY TO PENDING APPEALS AND APPEALS TO BE FILED HENCEFORTH IN HONBLE HIGH COURTS/TRIBUNALS. THUS, IT IS STIPULATED THAT P ENDING APPEALS BELOW THE SPECIFIED TAX LIMITS MAY BE WITHDRAWN/NOT PRESSED. THE LEARNED DR AGREED THAT TAX EFFECT IN EACH OF THESE FIFTY FOUR REVENUES APPEAL S IS BELOW RS. 20 LACS AND STATED THAT LIBERTY SHOULD BE GIVEN TO REVENUE THAT IF AT ANY STAGE IF IT IS FOUND TH AT DUE TO REASONS AND CONDITIONS STIPULATED IN THE SAID CIRCULAR, THE DEPARTMENT INTENDED TO CONTEST APPEAL IT SHOULD BE PERMITTED TO FILE MISCELLANEOUS APPLICATION FOR RECALL OF THE ORDER OF THE TRIBUNAL DISPOSING OF THIS APPEAL DUE TO LOW TAX EFFECT . 3. T HE TAX EFFECT IN THESE FIFTY APPEAL S FILED BY REVENUE IS BELOW RS. 20 LACS AND THUS KEEPING IN VIEW CBDT CIRCULAR NO. 3/2018 DATED 11 - 07 - 2018 , WE ARE INCLINED TO DISMISS THE S E FIFTY FOUR APPEAL S FILED BY REVENUE DUE T O LOW TAX EFFECT INVOLVED IN EACH OF THE S E APPEAL S WHICH IS BELO W RS. 20 LACS . WHILE DISPOSING OF THESE FIFTY FOUR APPEAL S FILED BY REVENUE DUE TO LOW TAX EFFECT VIDE CBDT CIRCULAR NO. 3/2018 DATED 11.07.2018 , WE CLARIFY THAT WE HAVE NOT COMMENTED ON THE MERITS OF THE ISSUE S IN THE S E APPEAL S . HOWEVER, AT THE SAME TIME WE ARE GRANTING LIBERTY TO REVENUE THAT IF AT ANY STAGE REVENUE WANTS TO AGITATE THE MATTER /ISSUE S IN THE S E APPEAL S IN ACCORDANCE WITH THE CONDITIONS AND CLAUSES AS ARE CONTAINED IN THE AFORE - STATED CIRCULAR NUMBER 3/2018 DATED 11.07.2018 , THE REVENUE IS HEREBY GRANTED LIBERTY TO 26 FILE MISCELLANEOUS APPLICATION (S) PRAYING FOR RECALL OF THE RELEVANT ORDER . WE ORDER ACCORDINGLY. 4. IN THE RESULT, THE SE FIFTY FOUR APPEAL S FILED BY THE REVENUE ARE DISMISSED OWING TO LOW TAX EFFECT AS INDICATED ABOVE VIDE THIS COMPOSITE ORDER . ORDER PRONOUNCED IN THE OPEN COURT ON 10.08 .2018 . 10 - 0 8 - 2018 SD/ - SD/ - ( JOGINDER SINGH ) (RAMIT KOCHAR) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED: 10 . 08 .2018 NISHANT VERMA SR. PRIVATE SECRETARY COPY TO 1 . THE APPELLANT 2 . THE RESPONDENT 3 . THE CIT(A) CONCERNED, MUMBAI 4 . THE CIT - CONCERNED, MUMBAI 5 . THE DR BENCH, 6 . MASTER FILE // TUE COPY// BY ORDER DY/ASSTT. REGISTRAR ITAT, MUMBAI