Appeal details
Counselvise Citation
[2019] 117 COUNSELVISE.COM (IT) 4444 (ITAT-MUMBAI)
Assessee PAN
Bench
Appeal Number
Duration Of Justice
1 year(s) 8 month(s) 7 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
14-05-2019
Appeal Filed By
Department
Order Result
Dismissed
Bench Allotted
D
Assessment Year
2010-2011
Appeal Filed On
06-09-2017
Judgement Text
IN THE INCOME TAX APPELLATE TRIBUNAL D , BENCH MUMBAI BEFORE SHRI SHAMIM YAHYA , AM & SHRI AMARJIT SINGH , JM ITA NO. 5665 / MUM/ 201 7 ( ASSESSMENT YEAR 2010 - 1 1 ) DY. CIT, CIRCLE - 4(3)(2) R. NO. 649, 6 TH FLOOR, AAYAKAR BHAVAN, MUMBAI - 400020 . M/S. MULTIPLIER SH ARES & STOCK ADVISORS PVT. LTD. SHOP NO. 5, SHANTINATH APARTMENT, S.V. ROAD, OPP CHAFEKAR GYM, BORIVALI (W), MUMBAI - 400092. PAN/GIR NO. AADCM6646A APPELLANT ) .. RESPONDENT ) REVENUE BY SHRI R. SINDHU (SR. AR) ASSESSEE BY SHRI MANO J MUNDRA DATE OF HEARING 14 / 0 5 / 201 9 DATE OF PRONOUNCEMENT 14 / 05 / 201 9 / O R D E R PER AMARJIT SINGH (J .M) : THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF THE CIT(A) - 09 , MUMBAI , DATED 28 . 0 6 .201 7 , PERTAINING TO THE ASSESS MENT Y EAR 2010 - 11 . 2 . THE REVENUE IS IN APPEAL AGAINST THE DELETION OF ADDITION BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS). 3 . AT THE VERY OUTSET, IT TRANSPIRES THAT THE TAX EFFECT OF THE RELIEF GRANTED BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS ) IS BELOW RS.20 LACS, AS PER THE LIMIT FIXED BY THE CBDT FOR FILING THE APPEAL BEFORE THE ITAT VIDE CBDT CIRCULAR NO. 3/2018 DATED, F. NO. 279/MISC. 142/2007 - ITJ (PT) DATED 11 TH JULY, 2018 ITA NO5665 /M/201 7 A.Y.2010 - 11 2 ISSUED BY CENTRAL BOARD OF DIRECT TAXES, DEPARTMENT OF REVENUE, MIN ISTRY OF FINANCE, GOVERNMENT OF INDIA. 4. WE HAVE GONE THROUGH THE ORDER OF THE LD. CIT(A) AND THE GROUNDS OF APPEAL. IT HAS BEEN FOUND THAT THE TAX EFFECTS IN THE APPEAL IS LESS THAN RS.20 LACS. 5. THE LD. DEPARTMENT REPRESENTATIVE (LD. DR FOR SHORT) FAIR LY AGREED TO THE ABOVE PROPOSITION THAT THIS APPEAL IS NOT MAINTAINABLE IN LIGHT OF THE ABOVE SAID CBDT CIRCULAR. HE ALSO DID NOT POINT THAT THIS APPEAL FALLS IN THE EXCEPTIONS CARVED OUT IN THE ABOVE SAID CIRCULAR. ACCORDINGLY, THIS APPEAL FILED BY THE RE VENUE STANDS DISMISSED. 6 . IN THE RESULT, THIS APPEAL BY THE REVENUE STANDS DISMISSED. ORDER PRONO UN C ED IN THE OPEN COURT ON THIS 14 /05/2019 SD/ - SD/ - ( SHAMIM YAHYA ) (AMARJIT SINGH ) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI ; DATED 14 / 05/ 2019 VIJAY / SR. PS COPY OF THE ORDER FORWARDED TO : BY ORDER, ( ASSTT. REGISTRAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A), MUMBAI. 4. CIT 5 . DR, ITAT, MUMBAI 6. GUARD FILE. //TRUE COPY//
