ACIT–13(3)(1), Mumbai v. Windsor Realty Pvt. Ltd
[Citation -2019-LL-0916-108]
| Citation | 2019-LL-0916-108 |
|---|---|
| Appellant Name | ACIT–13(3)(1), Mumbai |
| Respondent Name | Windsor Realty Pvt. Ltd. |
| Court | ITAT-Mumbai |
| Relevant Act | Income-tax |
| Date of Order | 16/09/2019 |
| Assessment Year | 2013-14 |
| Judgment | View Judgment |
| Keyword Tags | low tax effect |
| Bot Summary: | Commissioner of Income Tax-21, Mumbai in appeal No.CIT(A)-21/DCIT-13(3)(1)/IT-367/2015-16 dated 27/12/2016 in short) against the order of assessment passed u/s. Both the parties before us mutually agreed that this revenue appeal is to be dismissed as not maintainable in view of the recent Circular issued by the CBDT dated 08/08/2019 wherein the revenue has been 2 ITA No.1503/Mum/2017 M/s. Windsor Realty Pvt. Ltd. directed to withdraw the appeal preferred by it before the Tribunal if the tax effect on the disputed issues is less than or equal to Rs.50,00,000/-. It is well settled that this Circular is binding on the revenue authorities. Respectfully following the said Circular, the appeal filed by the revenue is dismissed as not maintainable. Incase, if the revenue is able to provide evidence that the case falls under any of the exceptions provided in the circular issued by the CBDT, then the revenue may prefer miscellaneous application for recalling of this order, if they so desire, in which circumstance this order shall be recalled by this Tribunal. In the result, appeal filed by the revenue is dismissed as not maintainable. Order pronounced in the open court on this 16/09/2019 Sd/- Sd/- JUDICIAL MEMBER ACCOUNTANT MEMBER Mumbai; Dated 16/09/2019 KARUNA, sr. |