Income Tax Appellate Tribunal - Mumbai
Income Tax Officer-24(3)(3), Mumbai vs Picasso Ceramica, Mumbai on 3 August, 2018
आयकर अपीलीय अिधकरण "एफ" ायपीठ मुंबई म । IN THE INCOME TAX APPELLATE TRIBUNAL "F" BENCH, MUMBAI ी श जीत दे , ाियक सद एवं ी मनोज कुमार अ वाल, लेखा सद के सम । BEFORE SHRI SAKTIJIT DEY, JM AND SHRI MANOJ KUMAR AGGARWAL, AM
1. आयकरअपीलसं ./I.T.A. No.3 723/Mum /2017 (िनधा रणवष / As s essment Year : 20 12-13) Deput y Commis sioner of La x mi Di a mo n d P ri va t e L i mit ed Income Ta x-5(2)(2) EW -2200, G -Bloc k th बनाम/ Bharat Diam ond Bou rs e Room No.571, 5 Fl oor Aayk ar Bhav an, M.K.Road Vs . Bandra Kur la Com plex Mum bai-400 020 Bandra (E),Mum bai- 400 05 1 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AABCL-1815-G (अ पीलाथ#/Appellant) : ($%थ# / Respondent) &
2. आयकरअ पीलसं./I.T .A. No.38 61 /Mum /2017 (िनधा रणवष / As s essment Year : 20 11-12) Deput y Commis sioner of La x mi Di a mo n d P ri va t e L i mit ed Income Ta x-5(2)(2) EW -2200, G -Bloc k बनाम/ Bharat Diam ond Bo urs e Room No.571, 5 t h Fl oor Aayk ar Bhav an, M.K.Road Vs . Bandra Kur la Com plex Mum bai-400 020 Bandra (E),Mum bai- 400 05 1 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AABCL-1815-G (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR & 3. आयकरअ पीलसं./I.T.A.No.4244/Mum /201 7 (िनधा रणवष / As s essment Year :2010-11) Income Ta x O fficer-W ard 3(2) Dines h Devchand S anghvi 2 n d F loor , Ran i Mans ion 205 , Jom Villa , 2 n d F loor बनाम/ Kalyan- Murb ad Road S.P. Mukherj ee Road Near SBI, Ka lyan(W ) Vs . Dom bivali East Kalyan- 4 21 30 1 Mum bai थायीले खासं ./जीआइआर सं ./PAN/G IR No. AM UPS-0932-R (अ पीलाथ#/Appellant) : ($%थ# / Respondent) &
4. आयकरअ पीलसं./I.T .A. No.424 5/Mum /2017 (िनधा रणवष / As s essment Year :2011-12) Income Ta x O fficer-W ard 3(2) Dines h Devchand S anghvi बनाम/ 2 n d F loor , Ran i Mans ion 205 , Jom Villa , 2 n d F loor Kalyan- Murb ad Road Vs . S.P. Mukherj ee Road 2 Near SBI, Ka lyan(W ) Dom bivali East Kalyan- 4 21 30 1 Mum bai थायीले खासं ./जीआइआर सं ./PAN/G IR No. AM UPS-0932-R (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
5. आयकरअ पीलसं ./I.T .A. No.41 12/Mum /2017 (िनधा रणवष / As s essment Year : 20 13-14) Deput y Commis sioner of Sunil Lekhi Income Ta x-8(3)(2) 1, Anand Ni was , A Road Room No.615,6 t h Floor बनाम/ Churc hgate Aayk ar Bhav an Vs . Mum bai-400 020 M.K .Road,Churc hga te Mum bai-400 020 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAAPL-6110- A (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
6. आयकरअ पीलसं./I.T .A. No.416 5/Mum /2017 (िनधा रणवष / As s essment Year :2009-10) Deput y Commis sioner of S hr i G i r i r a j M et al e x Pr i v a t e L i m i t e d Income Ta x-13(2)(2) B-2/203 , Bree zy c orner st बनाम/ Mahavir Nagar, Kan divali (W ) Room No.146, 1 F loor Aayk ar Bhav an,M.K .Road Vs . Mum bai-400 067 Churc hgate, Mum bai-400 02 0 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAJCS-2480- A (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR & 7. आयकरअ पीलसं./I.T.A . No.38 25 /Mum /201 7 (िनधा रणवष / As s essment Year :2011-12) As sistant Comm iss ioner of Dharmendra M . Par kih Income Ta x-31(1) A-2, Shruti Building बनाम/ Room No.111, 1 s t Floor A.K. Vaidya Mar g C-13, B.K.C Vs . Dindoshi G oreg aon (E) Mum bai-400 051 Mum bai-400 063 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AACPP-4474-D (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Devendra Jain, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR & आयकरअ पीलसं./I.T .A. No.409 4/Mum /2017 8. (िनधा रणवष / As s essment Year :2012-13) Income Ta x O fficer-13(3)(4) बनाम/ Think Bull Private Limit ed 3 Room No.216B A-2202, 22 n d Fl oor Vs .
Aayk ar Bhav an, M.K.Road Aquaria Grande Mum bai-400 020 Devidas Ex t. Road Next to St. La wr enc e School Boriva li (W ),Mum bai-400 103 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AACCT-926 6-G (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Devendra Jain, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR & 9. आयकरअ पीलसं./I.T.A . No.44 92 /Mum /201 7 (िनधा रणवष / As s essment Year :2012-13) Deput y Commis sioner of Godrej Agrovet Limited Income Ta x-14(1)(2) Phoroj shanagar बनाम/ Room No.470, 4 t h Fl oor Eas tern Expres s Hig hwa y Aayk ar Bhav an, M.K.Road Vs . Vik hroli (E) Mum bai-400 020 Mum bai-400 079 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACG -0617-Q (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Raunak Vardhan, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR &
10. आयकरअ पीलसं./I.T.A . No.4 009/Mum /2017 (िनधा रणवष / As s essm ent Year :2 010-11) As sistant Comm iss ioner of Chait ya Income Ta x-19(1) CC 2082 बनाम/ 2 n d F loor , Matru Man dir Bharat Diam ond Bo urs e Tardeo Roa d Vs . BKC, Ban dra Mum bai-400 007 Mum bai-400 051 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAAFC- 104 5-P (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Suchek Anchaliya, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR &
11. आयकरअ पीलसं./I.T.A . No.3 768/Mum /2017 (िनधा रणवष / As s essm ent Year : 2012-13) Income Ta x O fficer-6(1)(3) Br i jda Ro ad li ne s P r i vat e L i mi te d Room No.508, 5 t h Fl oor बनाम/ BMC cas e No.2, Shop No .4 Aayk ar Bhav an,M.K .Road Vs . Sewari Cross Road Mum bai-400 020 Mum bai-400 015 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AABCB-7060-M (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Sanjay Jain, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR &
12. आयकरअ पीलसं./I.T.A . No.4 672/Mum /2017 (िनधा रणवष / As s essm ent Year : 2012-13 ) 4 Income Ta x O fficer-24(3)(3) Picas so Ceramica Room No.701, 7 t h Fl oor B-12, Hind Saur as htra बनाम/ Piram al Cham bers , Lalb aug Industrial Es ta te Mum bai-400 012 Vs . Maro l Nak a, Andher i(E) Mum bai-400 059 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAJFP-4195-J (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
13. आयकरअ पीलसं./I.T.A . No.4 383/Mum /2017 (िनधा रणवष / As s essm ent Year :2 007-08) As sistant Comm iss ioner of Pradip k umar R. Shah Income Ta x-4(3)(1) 2 n d Floor , Shreej i Bh avan th बनाम/ Room No.649,6 Floor Mangaldas Road Aayk ar Bhav an, M.K.Road Vs . Mum bai-400 002 Churc hgate, Mum bai-400 02 0 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAKPS-6292-G (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
14. आयकरअ पीलसं./I.T.A . No.4 006/Mum /2017 (िनधा रणवष / As s essm ent Year :2 011- 12) As sistant Comm iss ioner of Jek in Enterpris es Income Ta x-32(2) 702-A, Prem Nagar बनाम/ Room No.308, 3 r d Flo or,C-11 Building No.5 Pratayak shk ar Bhavan Vs . Mandpes hwar Roa d BKC, Bandra(E), Mum bai-400 051 Boriva li (W ),Mum bai-400 022 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAAFJ-0 648-R (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
15. आयकरअ पीलसं./I.T.A . No.4 377/Mum /2017 (िनधा रणवष / Ass essm ent Year : 2007-08) As sistant Comm iss ioner of Q ma x S ynt h et i cs P ri va t e Li mit ed Income Ta x-4(3)(1) 5-B/174 , Sanja y Buil ding बनाम/ Mitta l Indus trial Estate Room No.649, 6 t h Fl oor Aayk ar Bhav an, M.K.Road Vs . Andheri Kurl a Road Mum bai-400 020 Andheri (E), Mum bai-400 059 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACQ -0206-D (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR & 16. आयकरअ पीलसं./I.T.A. No.4003/Mum /201 7 5 (िनधा रणवष / As s essment Year :2007-08) Income Ta x O fficer-4(3)(3) Yunic orn S ynthet ic s M ills Room No.637, 6 t h Fl oor Private Lim ited Aayk ar Bhav an, M.K.Road बनाम/ Bloc k No.2A Churc hgate Vs . J ai Hi nd Bui lding No.1 Mum bai-400 020 Dr. A.M.Road , Bhu le shwar Mum bai-400 002 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACY-0340- A (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
17. आयकरअ पीलसं./I.T.A . No.4 551/Mum /2017 (िनधा रणवष / As s essm ent Year : 2010-11 ) As sistant Comm iss ioner of Ad v a n i H o t el s an d R e s o r t s L i m i t e d Income Ta x-3(1)(1) J olly Mak er-II th बनाम/ 18A & B, 225 Narim an Po int Room No.607, 6 Fl oor Aayk ar Bhav an, M.K.Road Vs . Mum bai-400 021 Churc hgate, Mum bai-400 02 0 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACR-6389-Q (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
18. आयकरअ पीलसं./I.T.A . No.3 883/Mum /2017 (िनधा रणवष / As s essm ent Year : 2013-14 ) As sistant Comm iss ioner of Sunil Fulc han d Sha h Income Ta x-17(3) 189 /19 1, Mi lan Build ing बनाम/ Room No.137, 1 s t F loor 2 n d Floor , Ba zargate Street Aayk ar Bhav an, M.K.Road, Vs . Fort, Mum bai-400 001 Churc hgate, Mum bai-400 02 0 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAIPS-6851-P (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
19. आयकरअ पीलसं./I.T.A . No.4 155/Mum /2017 (िनधा रणवष / As s essm ent Ye ar :20 12-13) Deput y Commis sioner of Om Sai Construction Income Ta x-Circ le 2 2 n d Floor , Nandi Co mm erc ial nd बनाम/ 2 F loor , Moha n Pla za Com plex, Near DNS Bank Khadak pada , W ayale Nagar Vs . Shivdh am , Am bernath W es t Kalyan(W ), Kalya n-421 301 Thane- 421 501 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AABFO-8754-C (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None 6 Revenue by : Rajeev K. Gubangotra, Ld. DR &
20. आयकरअ पीलसं./I.T.A . No.4 154/Mum /2017 (िनधा रणवष / As s essm ent Year :2012-13) Deput y Commis sioner of Panve lkar Sank ul Income Ta x-Circ le 2 1 s t Floor nd बनाम/ 2 F loor , Moha n Pla za Nandi Comm erc ial C om plex Khadak pada , W ayle Nagar Kalyan Vs . Shiv Dh am , O pp .DNS Bank (W ),Kalya n-421 301 Am bernath- 421 501 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AALFP-3569-L (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
21. आयकरअ पीलसं./I.T.A . No.4 650/Mum /2017 (िनधा रणवष / As s essm ent Year :2 011-12) Deput y Commis sioner of Paras Sha ntilal Porw al Income Ta x -Central Circ le 8(4) B-2101, Sha nti Kam al CHS बनाम/ Room No.658, 6 t h Fl oor Dr. B.A .Road , Chinc hpok li Aayk ar Bhav an,M.K .Road Vs . Mum bai-400 012 Mum bai-400 020 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AG UPP-7069-G (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
22. आयकरअ पीलसं./I.T.A . No.4 324/Mum /2017 (िनधा रणवष / Ass essm ent Year :2 011- 12) As sistant Comm iss ioner of Zensar Tec hno logie s Limited Income Ta x-Circ le 2(3)(1) Kharadi, Plo t No.4 बनाम/ Room No.552, 5 t h Fl oor MIDC, O ff Nagar Road Aayk ar Bhav an,M.K .Road Vs . Pune-401 114 Mum bai-400 020 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACF- 074 2-K (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Pranay Kothari, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR &
23. आयकरअ पीलसं./I.T.A . No.3 877/Mum /2017 (िनधा रणवष / Ass essm ent Year :2 011- 12) As sistant Comm iss ioner of DIL Limited Income Ta x-Circ le 1 Dil Com plex , G .B. Road AsharI.T .Park , 6 t h F loor बनाम/ Majiwada, Thane(W ) 'B' W ing, Room No.2 2 Vs . Thane-400 610 Road No. 16Z W agle In dus trial Estate 7 Thane(W )-400 604 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACD-0525-E (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : Vipul K. Mody, Ld. AR Revenue by : Rajeev K. Gubangotra, Ld. DR &
24. आयकरअ पीलसं./I.T.A . No.4 594/Mum /2017 (िनधा रणवष / Ass essm ent Year : 2009-10) As sistant Comm iss ioner of Exx on M o bil C ompan y Pr i vate Limi ted Income Ta x-Circ le 6(2)(2) Kalptaru Point Plot No.10 7 बनाम/ Ground Floor , Road No.8 Room No.563, Aa yk ar Bhavan M.K .Road, Churchga te Vs . Sion(E) Mum bai-400 020 Mum bai-400 022 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACE-3157-H (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
25. आयकरअ पीलसं./I.T.A . No.4 425/Mum /2017 (िनधा रणवष / As s essm ent Year :2 010-11) As sistant Comm iss ioner of Narendra Gov ind Potnis Income Ta x-Circ le 3 Room No.210 , 2 n d F loor nd बनाम/ 2 F loor , Ran i Mans ion Sabarm ati Build ing Murb ad Road Vs . Katem anivali, Kalya n(E) Kalyan (W )-421 301 Dis t.Than e-421 306 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AB APP- 372 6-B (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
26. आयकरअ पीलसं./I.T.A . No.3 941/Mum /2017 (िनधा रणवष / As s essm ent Year :2 010- 11) Income Ta x O fficer-25(2)(1) Actube Enterprise s Room No.505, C-10 27/ Laxm i Flat O wne rs CHS 5 t h Floor बनाम/ Ltd,M.G Road Ex ten s ion Pratyak s hak ar Bhavan Vs . Vile Parl e(E) BandraKulra Com plex Mum bai-400 057 Bandra (E), Mum bai-400 05 1 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AABF A- 257 0-J (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
27. आयकरअ पीलसं ./I.T.A. No.4055 /Mum /2017 (िनधा रणवष / As s essm ent Year : 2010-11) Income Ta x O fficer-25(3)(3) बनाम/ Renuka Deve ndra Chopra Room No.606, C-10 Vs . B-16, Chand Soc ie ty 8 Pratyak s hk ar Bhavan, BKC J uhu Churc h, Santac ruz(W ) Bandra(E), Mum bai-400 05 1 Mum bai-400 051 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAWPC-5944-K (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
28. आयकरअ पीलसं./I.T.A . No.4 246/Mum /2017 (िनधा रणवष / As s essm ent Year :2011-12) Income Ta x O fficer-W ard 3(2) Pannas ing J. Cha dana 2 n d F loor , Ran i Mans ion Ka lyan- Dharm a Mobile बनाम/ Murb ad Road Shri.Narya n Va ze Com pound Near SBI, Ka lyan(W ) Vs . Mangao n, Ka lyan Sh ill Road Kalyan-4 21 301 Dom bivali(E),Mum bai थायीले खासं ./जीआइआर सं ./PAN/G IR No. AL JPC-7133-L (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
29. आयकरअ पीलसं./I.T.A . No.4 189/Mum /2017 (िनधा रणवष / As ses sm ent Ye ar: 2009- 10) As sistant Comm iss ioner of Hunter Dougles ( India) Private Income Ta x-10(1)(1) Lim ited Room No.209 बनाम/ C-102, Mangal ya Bui ld ing Aayk ar Bhav an,M.K .Road Vs . Maro l Maros hi Road Churc hgate Andheri(E) Mum bai-400 020 Mum bai-400 057 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAACH-2712-F (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
30. आयकरअ पीलसं./I.T.A . No.4 001/Mum /2017 (िनधा रणवष / As s essment Year : 20 11-12) As sistant Comm iss ioner of Abhis hek Infra structure Income Ta x-32(1) A-2 Pratyak s hk ar Bhavan Sai Mans arovar CHS L im ited बनाम/ Room No.209, 2 n d Fl oor Satya Nagar Buil di ng No. C-11 Vs . Boriva li (W ) Bandra Kur la Com plex Mum bai-400 092 Bandra (E),Mum bai-400 05 1 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAQF A- 3772-K (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
31. आयकरअ पीलसं./I.T.A . No.4 417/Mum /2017 9 (िनधा रणवष / As s essm ent Year : 2013-14) As sistant Comm iss ioner of Shabbir A. Khargoonw ala Income Ta x-17(3) 73, Ground F loor बनाम/ Room No.137, 1 s t F loor Kazi Sayed Street Aayk ar Bhav an, M.K.Road Vs . Mum bai-400 003 Mum bai-400 020 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAGPK-9696-N (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR &
32. आयकरअ पीलसं./I.T.A . No.4 416/Mum /2017 (िनधा रणवष / As s essm ent Year :2 013-14) As sistant Comm iss ioner of Saifuddin M . Khargoonw ala Income Ta x-17(3) 112 , Shop No.8 बनाम/ Room No.137,1 s t Floor V.V. Chand an Stree t Aayk ar Bhav an, M.K.Road, Vs . Mum bai-400 003 Churc hgate, Mum bai-400 02 0 थायीले खासं ./जीआइआर सं ./PAN/G IR No. AAGPK-9695-R (अ पीलाथ#/Appellant) : ($%थ# / Respondent) Assessee by : None Revenue by : Rajeev K. Gubangotra, Ld. DR सुनवाई की तारीख/ : 03/08/2018 Date of Hearing घोषणा की तारीख / : 03/08/2018 Date of Pronouncement आदे श / O R D E R Per Bench
1. The bunch of captioned appeals by revenue for various Assessment Years contest separate orders of Ld. first appellate authority qua certain relief provided to the captioned assessees. All these appeals have been listed today in the wake of recently issued low tax effect Circular No.03/2018 dated 11/07/2018 by Central Board of Direct Taxes [CBDT] and therefore, disposed-off by way of this common order for the sake of convenience and brevity.
102. Our attention has been drawn to the fact that tax effect of quantum additions / penalty as agitated by the revenue in all these appeals is less than the threshold limit of Rs.20 Lacs and therefore, the same is covered by recently issued low tax effect Circular No.03/2018 dated 11/07/2018 issued by Central Board of Direct Taxes [CBDT]. The Ld. DR, Shri Rajeev K.Gubangotra, while conceding the aforesaid fact, submitted that necessary instructions / certificates, in this regard, would be required from higher authorities as prescribed.
3. We have gone through the circular and find that the tax effect for quantum in dispute in all these appeals is below prescribed limit of Rs.20 Lacs and the assessees stood benefitted by the above circular issued by CBDT wherein the minimum monetary limit for filing the appeals before various appellate authorities have been fixed as under:-
S. No. Appeals/ SLPs in Income-tax matters Monetary Limit (Rs.) 1 Before Appellate Tribunal 20.00,000 2 Before High Court 50.00,000 3 Before Supreme Court 1,00.00,000 The aforesaid limits, as per para-13 of the circular apply to pending appeals also. Further as per para-4 of the said circular, tax effect mean quantum of penalty deleted or reduced in the order to be appealed against. In view of the stated position, we dismiss the bunch of revenue's appeal.
4. So far as the contention raised by Ld. DR is concerned, we find that aforesaid circular does not envisage obtaining of any certificate from any authorities, in any manner. Nevertheless, the revenue is free to move appropriate application to recall this order, if at a later stage, it is found 11 that the matter is covered by any exceptions provided in the aforesaid circular or the tax effect on the amounts involved in the appeals is above the threshold limit of Rs. 20 Lacs.
5. Resultantly, the bunch of captioned appeals stand dismissed.
Order pronounced in the open court on 03rd August, 2018 Sd/- Sd/-
(Saktijit Dey) (Manoj Kumar Aggarwal) ाियक सद / Judicial Member लेखा सद / Accountant Member मुंबई Mumbai; िदनां क Dated : 03.08.2018 Sr.PS:-Thirumalesh आदे श की ितिलिप अ !ेिषत / Copy of the Order forwarded to :
1. अपीलाथ#/ The Appellant
2. $%थ#/ The Respondent
3. आयकरआयु (अपील) / The CIT(A)
4. आयकरआयु / CIT- concerned
5. िवभागीय$ितिनिध, आयकरअपीलीयअिधकरण, मुंबई/ DR, ITAT, Mumbai
6. गाड/ फाईल / Guard File आदे शानुसार/ BY ORDER, उप/सहायकपंजीकार (Dy./Asstt.Registrar) आयकरअपीलीयअिधकरण, मुंबई / ITAT, Mumbai