ACIT 19(3), MUMBAI V. LAXMI INTERNATIONAL, MUMBAI

ITA 7354/MUM/2012

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 3804 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 4 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-05-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: L
• Next Hearing Date: 08-09-2015
• Assessment Year: 2009-2010
• Appeal Filed On: 11-12-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AMIT KUMAR SINGH
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL L, BENC H MUMBAI BEFORE SHRI G.S. PANNU, AM & SHRI PAWAN SINGH , JM ITA NO.7354/MUM/201 2 (ASSESSMENT YEAR: 2009 -10) ASST. CIT-19(3), ROOM NO. 305, 3 RD FLOOR, PIRAMAL CHAMBERS, PAREL, MUMBAI-400012 VS. LAXMI INTERNATIONAL A- 501,GASPER ENCLAVE, PALINAKA, OFF TURNER ROAD, BANDRA (W), MUMBAI-400050 PAN/G IR NO.: AABFL 3655P ( APPELLANT ) .. ( RESPONDENT ) APPELLANT BY : SHRI AMIT KUMAR SINGH (DR) RESPONDENT BY : SHRI NISHIT GANDHI DATE OF HEARING : 06/05/2016 DATE OF PRONOUNCEMENT: 06/05/2016 O R D E R PER PAWAN SINGH, JM: THE ABOVE APPEAL IS FILED BY THE ASSESSING OFFICER (AO) RAISING ONLY ONE GROUND OF APPEAL FOR THE ASSESSMENT YEAR MENTIONED ABOVE. THE TAX EFFECT INVOLVED IN THE ABOVE REFERRED CASE IS BELOW THE MONETARY LIMIT (RS. 10,0 0,000/-) PRESCRIBED BY THE CENTRAL BOARD OF DIRECTOR TAXES(CBDT), VIDE ITS CIRCULAR NO .21/2015(F.NO.142/2007-ITJ (PT.) DATED 10 TH DECEMBER, 2015. 2. SHRI NISHIT GANDHI APPEARED ON BEHALF OF THE ASS ESSEE. THE DEPARTMENTAL REPRESENTATIVE (DR) ON A QUERY BY THE BENCH FAIRLY CONCEDED THAT THE TAX EFFECT INVOLVED IN THE ABOVE CASE WAS LESS THAN RS. 10.00 LACS. CONSIDERING THESE FACTS, WE DISMISS THE APPEAL HOLDING THEM AS NOT MAINTAINABLE U/S. 268A OF THE ACT. 3. IN THE RESULT, APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 06/06 /2016. SD/- SD/- (G.S. PANNU) (PAWAN SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI; DATED : 06/05/2016 SK, PS COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A), MUMBAI. 4. / CIT 5. , , / DR, ITAT, MUMBAI ITA NO.7354/M/12 2 / BY ORDER, / ( ASSTT. REGISTRAR) , / ITAT, MUMBAI 6. / GUARD FILE. //TRUE COPY/