ADIT (IT) 2(2), MUMBAI V. TAJ TV LTD, MUMBAI

ITA 7639/MUM/2013

• Counselvise Citation: [2016] 121 COUNSELVISE.COM (IT) 3514 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 5 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-06-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2005-2006
• Appeal Filed On: 30-12-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: J SARAVANAN
• Keywords: Tax effect

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL E BENCH, MUMBAI BEFORE SHRI SHAILENDRA KUMAR YADAV , JM AND SHRI RAJESH KUMAR, AM ./ I.T A . NO. 763 9 /MUM/ 201 3 ( / ASSESSMENT YEAR : 20 0 5 - 06 ) ASSTT. DIRECTOR OF INCOME TAX (IT) - 2(2), R NO.1 1 6, SCINDIA HOUSE, BALLARD PIER, N M ROAD, MUMBAI - 400038 / VS. M/S T AJ T V LIMITED, C/O SURESH SURANA AND ASSOCIATES, 309, AHURA CENT R E, 82, MAHAKALI CAVES ROAD, ANDHERI (E), MUMBAI - 400093 ./ PAN : AABCT6542J / REVENUE BY SHRI J SARAVANAN / ASSESSEE BY SHRI HITEN CHANDE / DATE OF HEARING : 2 7 . 6. 2016 / DATE OF PRON OUNCEMENT : 2 7 . 6. 2016 / O R D E R PER RAJESH KUMAR, A. M: THIS IS AN APPEAL FILED BY THE REVENUE CHALLENGING THE ORDER DATED 30.8.2013 O F LD.CIT(A) - 10 , MUMBAI , FOR ASSESSMENT YEAR 20 0 5 - 06 . 2. WE FIND FROM THE ORDERS OF AUTHORITIES BELOW T HAT T HE TAX EFFECT INVOLVED IN THE ABOVE REFERRED CASE IS BELOW THE MONETARY LIMIT (RS. 10,00,000/ - ) PRESCRIBED BY THE CENTRAL BOARD OF DIRECTOR TAXES(CBDT), VIDE ITS CIRCULAR NO.21/2015(F.NO.L42/2007 - ITJ (PT.) DATED 10TH DECEMBER, 2015. 3 . SHRI HITEN C HANDE APPEARED ON BEHALF OF THE ASSESSEE. THE DEPARTMENTAL REPRESENTATIVE (DR) ON A QUERY BY THE BENCH FAIRLY CONCEDED THAT THE TAX EFFECT INVOLVED IN THE ABOVE CASE IS LESS THAN RS.10.00 LACS. CONSIDERING THESE FACTS, WE DISMISS THE APPEAL HOLDING IT AS N OT MAINTAINABLE U / S. 268A OF THE ACT. 2 ITA 7639 /MUM/2013 4 . IN THE RESULT, APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 2 7 .6. 2016. S D SD ( SHAILENDRA KUMAR YADAV ) (RAJESH KUMAR) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI ; DATED : 2 7 . .6.2016 SR.PS:SRL: / COPY OF THE ORDER FORWARDED TO : 1. / THE APPE LLANT 2. / THE RESPONDENT 3. ( ) / THE CIT(A) 4. / CIT CONCERNED 5. , , / DR, ITAT, MUMBAI 6. / GUARD F ILE / BY ORDER, T RUE COPY / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI