ACIT – Circle 2(2)(1), Mumbai v. State Bank of Saurashtra (now merged with SBI)
[Citation -2016-LL-1014-28]
Citation | 2016-LL-1014-28 |
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Appellant Name | ACIT – Circle 2(2)(1), Mumbai |
Respondent Name | State Bank of Saurashtra (now merged with SBI) |
Court | ITAT-Mumbai |
Relevant Act | Income-tax |
Date of Order | 14/10/2016 |
Assessment Year | 2006-07 |
Judgment | View Judgment |
Keyword Tags | mistake apparent • tax effect • recalling order |
Bot Summary: | Through this MA, it was contended by learned DR that all the appeals filed by the department was dismissed by Tribunal on the ground of tax effect, however in respect of ITA No.5337 Mum 2015, the tax effect is more than 10 lakhs not covered by the CBDT circular dated 10 12 2015. We have gone through the order of the Tribunal and found that ITA No.5337 Mum 2015 filed by the revenue is having tax effect of more than 10 lakhs not covered by the CBDT circular No.21 15 dated 10 12 2015. Dismissing the appeal of revenue on the ground of tax effect amounts to mistake apparent from record. Accordingly, we rectify the mistake apparent and recall the order of the Tribunal in ITA No.5337 Mum 2015 and Registry is directed to fix the appeal for hearing on 24 10 2016. Order pronounced in the open court on this 14 10 2016. |