DCIT CEN CIR 2(3), MUMBAI V. ACME HOUSING INDIA P.LTD, MUMBAI

ITA 5024/MUM/2015

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 9861 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 8 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-07-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 09-10-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V JUSTIN
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

I T A N O . 6 6 4 1 / M U M / 2 0 1 6 A . Y . 2 0 1 1 - 1 2 P A G E | 1 IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, MUMBAI BEFORE SHRI G.S. PANNU , AM AND SHRI RAVISH SOOD, JM ./ I.T.A. NO. 5024 /MUM/2015 ( / ASSESSMENT YEAR: 2011 - 12) DCIT CENTRAL CIRCLE - 2(3 ), OLD CGO BUILDING. 8 TH FLOOR M.K. ROAD, MUMBAI - 400 02 0 / VS. M/S ACME HOUSING INDIA P. LTD. , ACME GHAR, GROUND FLOOR, 19, K.D. ROAD, VILE PAREL (W) MUMBAI - 400 056 ./ ./ PAN/GIR NO. AADCA0705E ( / REVENUE ) : ( / ASSESSEE) / REVENUE BY : SHRI V. JUSTIN, D.R / ASSESSEE BY : SHRI JITENDRA JAIN , A.R / DATE OF HEARING : 05/07/2017 / DATE OF PRONOUNCEMENT : 07 /07/2017 / O R D E R PER RAVISH SOOD, JUDICIAL MEMBER T HE CAPTION ED APPEAL FILED BY THE REVENUE PERTAINING TO ASSESSMENT YEAR 2011 - 12 IS DIRECTED AGAIN ST THE ORDER PASSED BY THE CIT(A) - 48 , MUMBAI , DATED 21/07 /2015 , WHICH IN TURN ARISES OUT OF AN ORDER PASSED BY THE ASSESSING OFFICER UNDER SECTION 143(3) OF THE INCOME TAX ACT, 196 1 (IN SHORT THE ACT) , DATED 27 /03/2014. I T A N O . 6 6 4 1 / M U M / 2 0 1 6 A . Y . 2 0 1 1 - 1 2 P A G E | 2 2. AT THE OUTSET, IT IS NO TICED THAT THE TAX EFFECT INVOLVED IN THIS APPEAL IS LESS THAN RS.10.00 LACS. THE CBDT VIDE CIRCULAR NO. 21/2015 , DATED 10/12/2015 HAS REVISED THE MONETARY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT BEFORE THE TRIBUNAL , RETROSPECTIVELY. SINCE THE TAX EFFECT IN DISPUTE IN THE CAPTIONED APPEAL IS STATED TO BE BELOW THE MONETARY LIMIT OF RS.10.00 LAC SPECIFIED IN THE CBDT CIRCULAR , DATED 10/12/2015 (SUPRA), THE SAME IS DISMISSED AS NOT MAINTAINABLE. 3. IN THE RESULT, APPE AL OF THE REVENUE IS DISMISSED. ORDER PRO NOUNCED IN THE OPEN COURT ON 07 /07/2017 SD/ - SD/ - (G.S. PANNU) (RAVISH SOOD) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI , DATED : 07 /07/2017 COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT , 2. THE RESPONDENT. 3. THE CIT(A) - 48 4. DR. CIT , CENTRAL - 1, MUMBAI 5. DR, ITAT, MUMBAI 6. GUARD FILE . BY ORDER, //TRUE COPY// (DY./ASSTT. REGISTRAR) ITAT, MUMBAI I T A N O . 6 6 4 1 / M U M / 2 0 1 6 A . Y . 2 0 1 1 - 1 2 P A G E | 3