DCIT - CC -3(2), MUMBAI V. MANGALKALASH TRADING PVT. LTD., MUMBAI

ITA 575/MUM/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 7873 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-02-2022
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2010-2011
• Appeal Filed On: 03-02-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: KISHAN VYAS
• Keywords: Tax effect; Tax effect
• Section: 143(3); 153A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER & SHRI LALIET KUMAR, JUDICIAL MEMBER ITA No. 575/Mum/2019 (A.Y: 2010-11) DCIT 3(2), Central Range - 3 R.No. 1913, Air India Bldg, Nariman Point, Mumbai. Vs. Mangalkalash Trading P Ltd., F-702, Nandanvan CHS Link Road, Kandivali (W), Mumbai – 400 067 ./ज आइआर ./PAN/GIR No. : AAFM8157F Appellant .. Respondent र / Appellant by : None र /Respondent by : Shri Kishan Vyas, CIT, DR र / D a t e o f H e a r i n g 28/02/2022 !"# र /D a t e o f P r o n o u n c e m e n t 28/02/2022 आद श / O R D E R PER LALIET KUMAR - JM: The Revenue has filed the appeal against order of CIT(A)-51, Mumbai passed u/s 143(3) r.w.s 153A and 250 of the Income Tax Act, 1961. 2. At the time of hearing, it was brought to the knowledge of the Bench that, the tax effect in the ITA No. 575/Mum/2019 Mangalkalash Trading P ltd., Mumbai - 2 - appeal is below Rs.50 lakhs, therefore covered by CBDT Circular No. 17/2019. We find as per the CBDT Circular dated 08.08.2019, no appeal shall be filed by the revenue before the Hon’ble Tribunal where the tax effect is below Rs 50 lakhs. Further the circular of the CBDT is also applicable to the pending cases. Accordingly,we dismiss the revenue appeal on maintainability and low tax effect. 3. Incase, if the revenue is able to provide evidence that the case falls under any of the exceptions provided in the circular issued by the CBDT. The revenue may prefer miscellaneous application for recalling of this order, if they so desire, in which circumstances, this order shall be recalled by the Hon’ble Tribunal. 4.In the result, the appeal filed by the revenue is dismissed. Order pronounced in the open court on 28.02.2022 Sd/- Sd/- (SHAMIM YAHYA) (LALIET KUMAR ) ACCOUNTANT MEMBER JUDICIAL MEMBER Mumbai, Dated 28.02.2022 KRK, PS ITA No. 575/Mum/2019 Mangalkalash Trading P ltd., Mumbai - 3 - /Copy of the Order forwarded to : 1. / The Appellant 2. / The Respondent. 3. & '( आ र आ ) / The CIT(A) 4. आ र आ ) ( ) / Concerned CIT 5. , - . / / '(, आ र '( र#, हमद & द / DR, ITAT, Mumbai 6. . 34 5 / Guard file. ान ु सार/ BY ORDER, , / //True Copy// उ /सहाय ंजी ार ( Asst. Registrar) य र ी य र!, हम ाबा / ITAT, Mumbai