DDIT (INT.) 2(1), MUMBAI V. M/s REUTERS ONLINE SA, MUMBAI

ITA 7242/MUM/2004

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3849 (ITAT-MUMBAI)
• Duration Of Justice: 16 year(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-10-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: L
• Assessment Year: 2000-2001
• Appeal Filed On: 08-10-2004
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INC OME TAX APPELLATE TRIBUNAL I BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, AM & SHRI PAVAN KUMAR GADALE, JM ./ I.T.A. NO . 7242/MUM/2004 ( / ASSESSMENT YEAR: 2000 - 01 ) DDIT (IT) - 2(1), R. NO. 120, SCINDIA HOUSE, BALLARD EST ATE, MUMBAI - 400 038 / VS. M/S RETURNS ON - LINE SA, C/O - S.R. BATLIBOI & CO. C.A.S EXPRESS TOWERS, 18 TH FLOOR, NARIMAN POINT, MUMBAI - 400 021 ./ ./ PAN NO. A ABCR7557B ( / APPELLANT ) : ( / RESPONDENT ) / APPELLANT BY : SHRI VINAY SINHA, DR / RESPONDENTBY : SHRI NITESH JOSHI, AR / DATE OF HEARING : 29 .10 .2020 / DATE OF PRONOUNCEMENT : 29.10.2020 / O R D E R PER S. RIFAUR RAHMAN (ACCOUNTANT MEMBER) : THE PRESEN T APPEAL HAS BEEN FILED BY THE REVENUE AGAINST THE ORDER OF LD. COMMIS S IONER OF INCOME TAX (APPEALS) XXXI IN SHORT REFERRED AS LD. CIT(A) , MUMBAI, DATED 06.07.2004 FOR A SSESSMENT YEAR (IN SHORT A Y ) 2000 - 01 . 2 I.T.A. NO 7242/MUM/2004 M/S RETURNS ON - LINE SA 2. AT THE OUTSET, I T IS BROUGHT TO OUR NOTICE THAT THE TAX EFFECT OF THE RELIEF GRANTED BY THE LD. COMMISSIONER OF INCOME TAX (APPEALS) IS BELOW RS. 50 LACS AND AS PER CIRCULAR NO.17 OF 2019 DATED 08.08.2019 ISSUED BY THE CENTRAL BOARD OF DIRECT TAXES (CBDT), DEPARTMENT OF REVENUE, MINISTRY OF FINANC E, GOVERNMENT OF INDIA, THE CBDT HAS REVISED THE MONETARY LIMIT FOR FILING APPEALS BEFORE THE ITAT FROM THE EXISTING LIMIT OF RS. 20 LACS TO RS. 50 LACS. 3 . CONSIDERED THE RIVAL SUBMISSIONS AND MATERIAL PLACED ON RECORD. WE NOTICE THAT THE TAX EFFECT IN T HE ABOVE REFERRED APPEAL IS LESS THAN RS. 50 LACS. ACCORDINGLY, WE DISMISS THE AFORESAID APPEAL FILED BY THE REVENUE AS NOT MAINTAINABLE/WITHDRAWN. 4 . IN THE NET RESULT, THE APPEAL FILED BY THE REVENUE STANDS DISMISSED. ORDERS PRONOUNCED IN THE OPEN COU RT ON 29.10. 2020 . SD/ - SD/ - (PAVAN KUMAR GADALE ) (S. RIFAUR RAHMAN ) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI ; DATED : 29.10 .2020 SR.PS. DHANANJAY 3 I.T.A. NO 7242/MUM/2004 M/S RETURNS ON - LINE SA / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT - CONCERNED 5. , , / DR, ITAT, MUMBAI 6. / GUARD F I LE / BY ORDER, . / (DY./ASSTT.REGISTRAR) , / ITAT, MUMBAI