DCIT CIR 4(3), MUMBAI V. RIGHT FINCAP P.LTD, MUMBAI

ITA 8276/MUM/2010

• Counselvise Citation: [2013] 140 COUNSELVISE.COM (IT) 71602 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 10 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-10-2013
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 23-10-2013
• Assessment Year: 2007-2008
• Appeal Filed On: 30-11-2010
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH, MUMBAI . . , . ! , ' # BEFORE SHRI I.P. BANSAL, JM AND RAJENDRA, AM ./ I.T.A. NO. 8276/MUM/2010 ( $ $ $ $ % % % % / ASSESSMENT YEAR : 2007-08 THE DCIT 4(3), 6 TH FLOOR, ROOM NO.649, AAYKAR BHAVAN, MK ROAD, MUMBAI 400020 $ $ $ $ / VS. M/S. RIGHT FINCAP P. LTD. 204, SHREEPATI COMPLEX, SUREN ROAD, ANDHERI(E), MUMBAI 400093. & ' ./ ' ./ PAN/GIR NO. : AAACM 6095Q ( &( / APPELLANT ) .. ( )*&( / RESPONDENT ) &( + / APPELLANT BY: SHRI SANJEEV JAIN )*&( , + / RESPONDENT BY : NONE $ , -' / DATE OF HEARING : 23/10/2013 ./% , -' / DATE OF PRONOUNCEMENT : 23/10/2013 0 / O R D E R PER I.P.BANSAL,J.M: THIS IS AN APPEAL FILED BY THE REVENUE. IT IS DI RECTED AGAINST THE ORDER PASSED BY LD. CIT(A)-8, MUMBAI DATED 21/09/2010 FOR THE ASSESSMENT YEAR 2007-08. 2. WHEN THIS APPEAL WAS TAKEN UP FOR HEARING IT WAS NOTICED THAT THE TAX EFFECT MAY BE LESS THAN RS.3.00 LACS. THEREFORE, L D. DR WAS REQUIRED TO VERIFY THE TAX EFFECT INVOLVED IN THIS APPEAL. AFTER CHECKING THE CALCULATION OF TAX LD. DR SUBMITTED THAT THE TAX EFFECT IS A SUM OF RS. 2,9 6,640/-. THEREFORE, THE TAX EFFECT IS LESS THAN RS. 3.00 LACS. 3. AS PER CBD T INSTRUCTION NO.3/11 DATED 9/2/2011 APPEAL BEFORE THE TRIBUNAL SHOULD NOT HAV E BEEN FILED IN CASE WHERE TAX EFFECT IS LESS THAN RS.3.00 LACS. THE HONBLE HIGH COURT OF BOMBAY IN CASE OF ./ I.T.A. NO. 8276/MUM/2010 ( $ $ $ $ % % % % / ASSESSMENT YEARS : 2007-08 2 CIT VS. CAMCO COLOR CO. (254 ITR 565) HAVE HELD THA T THE APPEAL FILED BY THE REVENUE AUTHORITIES IN CONTRAVENTION OF THE INSTRUC TION OF CBDT IS NOT MAINTAINABLE. THEREFORE, IN VIEW OF THE JUDGMENT OF THE HONBLE BOMBAY HIGH COURT IN CASE OF CAMCO COLOR CO.(SUPRA) THE PRESEN T APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE AS TAX EFFECT IS LESS THAN RS.3 .OO LACS. WE, THEREFORE, DISMISS THIS APPEAL OF THE REVENUE AS NON - MAINTAINABLE. 4. IN THE RESULT, APPEALS FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 23/10/2013 . 0 , ./% ' 1 2$3 23/10//2013 / , 4 SD/- SD/- ! (RAJENDRA) . . (I.P.BANSAL) ' /ACCOUNTANT MEMBER /JUDICIAL MEMBER MUMBAI; 2$ DATED 23/10/2013 . $ . .VM , SR. PS 0 0 0 0 , ,, , )-56 )-56 )-56 )-56 7 6%- 7 6%- 7 6%- 7 6%- / COPY OF THE ORDER FORWARDED TO : 1. &( / THE APPELLANT 2. )*&( / THE RESPONDENT. 3. 8 ( ) / THE CIT(A)- 4. 8 / CIT 5. 694 )-$ , , / DR, ITAT, MUMBAI 6. 4: ; / GUARD FILE. 0$ 0$ 0$ 0$ / BY ORDER, *6- )- //TRUE COPY// < << < / = = = = (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI