ITO 9(1)(1), MUMBAI V. ANG TRADING P.LTD, MUMBAI

ITA 6014/MUM/2013

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 3749 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 5 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-03-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 15-03-2016
• Assessment Year: 2001-2002
• Appeal Filed On: 10-10-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M MURALI
• Assessee Lawyers: UJJAWAL GANGVAL
• Keywords: Tax effect

Judgement Text

2/- , ' INCOME TAX APPELLATE TRIBUNAL,MUMBAI- A,BENCH , , BEFORE S/SHJOGINDERSINGH,JUDICIAL MEMBER & RAJENDRA,ACCOUNTANT MEMBER ./I.T.A. NO.6014/MUM/2013 , / ASSESSMENT YEAR: 2001-02 ITO 9(1)(1) AAYKAR BHAVAN,M K ROAD, MUMBAI-400 020. VS. ANG TRADING P LTD. 211,ANANT BHUVAN,WATER FIELD RODA, BANDRA(WEST),MUMBAI-400050 PAN:AHCCA9284B ( /APPELLANT ) ( / RESPONDENT ) REVENUE BY: SH.M MURALI ASSESSEE BY: SH.UJJAWAL GANGVAL / DATE OF HEARING: 15.03.2016 / DATE OF PRONOUNCEMENT: 15.03.2016 ,1961 254(1) ORDER U/S.254(1)OF THE INCOME-TAX ACT,1961(ACT) PER RAJENDRA,A.M. - THE ABOVE APPEAL WAS FILED BY THE ASSESSING OFFICER (AO)RAISING TWO GROUNDS OF APPEAL. IT WAS NOTICED THAT TAX EFFECT INVOLVED IN THE CASE UNDER CONSIDERATION WAS BELOW THE MONETARY LIMIT, (RS.10,00,000/-),PRESCRIBED BY THE CENTRAL BOARD O F DIRECT TAXES (CBDT), VIDE ITS CIRCULAR NO. 21/2015(F.NO.279/MISC. 142/2007-ITJ (PT.) DATED 10 TH DECEMBER, 2015. 2. DURING THE COURSE OF HEARING BEFORE US,THE DEPARTME NTAL REPRESENTATIVE (DR)FAIRLY CONCEDED THAT THE TAX INVOLVED IN THE APPEAL WAS LESS THAN R S.10.00 LACS.CONSIDERING THESE FACTS,WE DISMISS THE APPEAL HOLDING IT AS NOT MAINTAINABLE. AS A RESULT,APPEAL FILED BY THE ASSESSING OFFICER STANDS DISMISSED. . ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH MARCH,2016. 15 , 2016 SD/- SD/- ( /JOGINDERSINGH) ( / RAJENDRA) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 15.03.2016. 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.