The Principal Commissioner of Income-tax-31, Mumbai v. Gundencha Builders
[Citation -2020-LL-0205-41]
| Citation | 2020-LL-0205-41 |
|---|---|
| Appellant Name | The Principal Commissioner of Income-tax-31, Mumbai |
| Respondent Name | Gundencha Builders |
| Court | HIGH COURT OF BOMBAY |
| Relevant Act | Income-tax |
| Date of Order | 05/02/2020 |
| Assessment Year | 2011-12 |
| Judgment | View Judgment |
| Keyword Tags | tax effect |
| Bot Summary: | ORAL ORDER : 1 Heard Mr. Arvind Pinto, learned standing counsel Revenue for the Appellant and Ms. Aasifa Khan, learned counsel for the Respondent. 2 This Appeal has been preferred by the Revenue under section 260A of the Income Tax Act 1961 against the order dated 24.08.2016 passed by the Income Tax Appellate Tribunal, Mumbai G Bench, Borey 1/2 Uploaded on - 07/02/2020 Downloaded on - 08/02/2020 10:49:26 spb/ 8itxa-1931-17.doc Mumbai in Income Tax Appeal No. 6103/M/2014 for the assessment year 2011-12. 3 At the outset, Mr. Pinto, learned standing counsel Revenue, submits that the disputed tax amount in the present Appeal is Rs.60,60,700. 00 which is below the enhanced prescribed limit for filing of appeal before the High Court by Income Tax Department in terms of CBDT Circular No. 17 of 2019 dated 08.08.2019. He submits that he has not received any instructions from the Department as to whether present appeal falls under any exception as provided in the said circular. 4 Be that as it may, having regard to the fact that the disputed tax effect is below the prescribed limit as per the said circular the Appeal is dismissed on withdrawal. If the appeal falls within any of the exceptions carved out by the said circular, it will be open to the Appellant to seek revival of the appeal. |