ASST CIT 16(2), MUMBAI V. KANGA & COMPANY, MUMBAI

ITA 5594/MUM/2015

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 3231 (ITAT-MUMBAI)
• Duration Of Justice: 3 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-03-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2010-2011
• Appeal Filed On: 11-12-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M MURALI
• Keywords: Tax effect

Judgement Text

INCOME-TAX APPELLATE TRIBUNAL -ABENCH MUMBAI , , BEFORE S/SHJOGINDER SINGH,JUDICIAL MEMBER & RAJENDRA,ACCOUNTANT MEMBER ./ITA.S.5594-95/MUM/2015 , / AY.S:2010-11&2011-12 ACIT 16(2) AAYKAR BHAVAN,M K ROAD MUMBAI-400 020. VS. KANGA & COMPANY, READY MONEY MANSION.1 ST FLOOR, 43,VEER NARIMAN POINT,MUMBAI-400023 PAN:AAAFK9525E ( /APPELLANT ) ( / RESPONDENT ) REVENUE BY: SHRI M MURALI ASSESSEE BY: NONE / DATE OF HEARING :31.03.2016 / DATE OF PRONOUNCEMENT : 31.03.2016 ,1961 254(1) ORDER U/S.254(1)OF THE INCOME-TAX ACT,1961(ACT) PER RAJENDRA,A.M. - THE ABOVE APPEALS WERE FILED BY THE ASSESSING OFFIC ERS (AO.S) RAISING VARIOUS GROUNDS OF APPEAL FOR THE ASSESSMENT YEARS MENTIONED ABOVE.THE TAX EFFECT INVOLVED IN BOTH THE CASES IS BELOW THE MONETARY LIMIT,(RS.10,00,000/-) PRESCRIBE D BY THE CENTRAL BOARD OF DIRECT TAXES (CBDT),VIDE ITS CIRCULAR NO.21/2015(F.NO.279/MISC.1 42/2007-ITJ(PT.)DATED 10 TH DECEMBER, 2015. 2. NONE APPEARED ON BEHALF OF THE FIRST ASSESSEE,AS ST ATED EARLIER.THE DEPARTMENTAL REPRESENTATIVE(DR),ON A QUERY BY THE BENCH,FAIRLY C ONCEDED THAT THE TAX INVOLVED IN BOTH THE CASES WAS LESS THAN RS.TEN LACS.CONSIDERING THESE F ACTS,WE DISMISS THE ABOVE APPEALS, HOLDING THEM NOT MAINTAINABLE. AS A RESULT, APPEAL FILE D BY THE ASSESSING OFFICERS STANDS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 31 ST ,MARCH, 2016. 31 , 2016 SD/- S D/- ( /JOGINDER SINGH) ( / RAJENDRA) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 31.03.2016. JV.SR.PS. / COPY OF THE ORDER FORWARDED TO : 1. APPELLANT / 2. RESPONDENT / 3. THE CONCERNED CIT(A)/ , 4. THE CONCERNED CIT / 5. DR A BENCH, ITAT, MUMBAI / , , . . . 6. GUARD FILE/ //TRUE COPY// / BY ORDER, / DY./ASST. REGISTRAR , /ITAT, MUMBAI.