Deputy Commissioner of Income Tax (IT)-4(3)(2) Mumbai vs M/s Welltec AS Mumbai
Party Details
- Deputy Commissioner of Income Tax (IT)-4(3)(2) Mumbai
- M/s Welltec AS Mumbai
Case Summary
Deputy Commissioner of Income Tax (IT)-4(3)(2) Mumbai vs M/s Welltec AS Mumbai (Case No. ITA 2694/MUM/2019) is listed in the Income Tax, filed on 1 May 2019. The case was disposed of. 1 order has been issued in this matter.
Orders (1)
- 1FEB 2021judgementView Order ↗
Order No: N/A
Judgement DetailsView full order PDF ↗
आयकर अपील य अ धकरण मुंबई पीठ “आई ”, मुंबई IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “I”, MUMBAI ी मोद कुमार, उपाय एवं ी वकास अव!थी, #या$यक सद!य के सम BEFORE SHRI PRAMOD KUMAR, VICE PRESIDENT & SHRI VIKAS AWASTHY, JUDICIAL MEMBER आअसं.
2694/मुं/2019 ($न.व.
2015-2016) ITA NO.2694/MUM/2019(A.Y.2015-2016) Dy.
Commissioner of Income Tax(IT) -4(3)(2), Room No.1611, 16th Floor, Air India Building,Nariman Point, Mumbai 400 021 ...... अपीलाथ+ /Appellant बनाम Vs.
M/s.
Welltec AS, Unit No.406, Town Centre, Andheri Kurla Road, Marol, Opp.
Times Square, Andheri(E) Mumbai 400 059 PAN: AAACW7688K ..... $तवाद /Respondent Assessee by : Shri Yogesh Asher Revenue by : Shri S.S.Iyengar सुनवाई क- $त थ/ Date of hearing : 01/02/2021 घोषणा क- $त थ/ Date of pronouncement : 01/02/2021 आदेश/ ORDER PER VIKAS AWASTHY,JM: This appeal by the Revenue is directed against the order of Commissioner of Income Tax Appeals-58, Mumbai [in short ‘CIT(A)’] dated 15/02/2019 for the assessment year 2015-16.
2 ITA NO.2694/MUM/2017(A.Y.2015-2016) 2.
Shri S.S.Iyengar , representing the Department fairly admitted at the outset that appeal filed by the Revenue suffers from low tax effect in the light of CBDT Circular No.
Circular No.17/2019 dated 08/08/2019.
The ld.
Departmental Representative pointed that tax effect involved in the appeal is less thanRs.50,00,000/-.
3.
Heard.
The only issue assailed in appeal is addition of Rs.58,19,371/- deleted by CIT(A).
Undisputedly, the tax effect involved in the appeal is less than Rs.50,00,000/- i.e. the monetary limit specified by the CBDT vide Circular No.17/2019 (supra) for filing of appeals by the Revenue before the Tribunal.
Thus, without going into merits of the issue raised in the appeal, the present appeal by the Revenue is dismissed on account of low tax effect.
4. effect.
4.
Before parting, we clarify here that the Revenue shall be at liberty to approach the Tribunal for restoration of appeal, with the requisite material to show that the appeal is protected by the exceptions prescribed in Para 10 of the Circular dated 11-07-2018 and its amendment dated 20/08/2018.
5.
In the result, appeal by Revenue is dismissed.
Order pronounced in the open court on Monday the 1st day of February, 2021.
Sd/- Sd/- (PRAMOD KUMAR) (VIKAS AWASTHY) उपाय /VICE PRESIDENT #या$यक सद!य/JUDICIAL MEMBER मुंबई/ Mumbai, 1दनांक/Dated 01/02/2021 Vm, Sr.
PS (O/S) 3 ITA NO.2694/MUM/2017(A.Y.2015-2016) $त2ल प अ3े षतCopy of the Order forwarded to : 1. अपीलाथ+/The Appellant , 2. $तवाद / The Respondent.
3. आयकर आयु4त(अ)/ The CIT(A)- 4. आयकर आयु4त CIT 5. वभागीय $त$न ध, आय.अपी.अ ध., मुबंई/DR, ITAT, Mumbai 6. गाड8 फाइल/Guard file.
BY ORDER, //True Copy// (Dy./Asstt.
Registrar) ITAT, Mumbai