DCIT 10 (2)(1) MUMBAI vs JP MORGAN SERVICES (I) PVT. LTD. MUMBAI
Party Details
- DCIT 10 (2)(1) MUMBAI
- JP MORGAN SERVICES (I) PVT. LTD. MUMBAI
Case Summary
DCIT 10 (2)(1) MUMBAI vs JP MORGAN SERVICES (I) PVT. LTD. MUMBAI (Case No. ITA 2935/MUM/2019) is listed in the Income Tax, filed on 6 May 2019. The case was disposed of. 1 order has been issued in this matter.
Orders (1)
- 2AUG 2021judgementView Order ↗
Order No: N/A
Judgement DetailsView full order PDF ↗
IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “K”, MUMBAI BEFORE SHRI PRAMOD KUMAR, HON’BLE VICE PRESIDENT AND SHRI SAKTIJIT DEY, HON’BLE JUDICIAL MEMBER ITA No.
2935/MUM/2019 Assessment Year: 2014-15 Dy.
Commissioner of Income Tax 10(2)(1), 5th Floor, Room No.
509, Aaykar Bhawan, Churchgate, Mumbai - 400020 Vs.
M/s J.P.
Morgan Services (I) Pvt.
Ltd., Level 9 to 11, Link Road 707, Prism Tower, Mindspace, Goregaon (West), Mumbai - 400104 PAN: AABCD0503B (Appellant) (Respondent) Revenue by : Shri Sushil Kumar Mishra (DR) Assessee by : Shri Divesh Chawla (AR) Date of Hearing : 02/08/2021 Date of Pronouncement: 02/08/2021 O R D E R PER SAKTIJIT DEY, JM Captioned appeal by the revenue arises out of order dated 28.02.2019 of learned Commissioner of Income Tax (Appeals)-55, Mumbai for the assessment year 2014-15.
2.
At the outset, drawing our attention to Column No.
10 of the Memorandum of appeal filed by the Department in Form No.
36, the learned counsel for the assessee submitted that the tax effect on the amount disputed by the revenue is below the monetary limit of Rs.
50 lacs.
Thus, he submitted, the appeal is not maintainable.
2 ITA No.
2935/ MUM/2019 Assessment Year: 2014-15 3.
Learned Departmental Representative fairly conceded to the aforesaid factual position.
4.
Having considered rival submissions, we find from record that as per the revenues own admission, the tax effect on the amount disputed in the present appeal is Rs.
36.96 lacs.
As per circular No.
17/2019 dated 08.08.2019 the monetary limit for filing appeal before the Tribunal by the Department is fixed at Rs.
50 lacs and above.
No material has been brought to our notice, to suggest that the present appeal is protected by any of exceptions to the aforesaid circular.
5.
In view of the above, we treat the appeal as not maintainable.
Hence, deemed to have been withdrawn.
6.
In the result, appeal is dismissed.
Order pronounced in the open court on 2nd August, 2021. ust, 2021.
Sd/- Sd/- (PRAMOD KUMAR) VICE PRESIDENT (SAKTIJIT DEY) JUDICIAL MEMBER म ुंबई Mumbai; दिन ुंक Dated: 02/08/2021 Alindra, PS आदेश प्रतितिति अग्रेतिि/Copy of the Order forwarded to : 1. अपील र्थी / The Appellant 2. प्रत्यर्थी / The Respondent.
3. आयकर आय क्त(अपील) / The CIT(A)- 4. आयकर आय क्त / CIT 5. दिभ गीय प्रदिदनदि, आयकर अपीलीय अदिकरण, म ुंबई / DR, ITAT, Mumbai 6. ग र्ड फ ईल / Guard file.
3 ITA No.
2935/ MUM/2019 Assessment Year: 2014-15 आदेशानुसार/ BY ORDER, सत्य दपि प्रदि //True Copy// उि/सहायक िंजीकार (Dy./Asstt.
Registrar) आयकर अिीिीय अतिकरण, म ुंबई / ITAT, Mumbai