Nilu Goyal, Mumbai vs Department Of Income Tax

आयकर अपील सं./I.T.A. No. 2048/Mum/2011 िनधा[रण वष[ / Assessment Year : 2007-08) (िनधा[

Dy. Commissioner of बनाम/ Mrs. Nilu Goyal Income tax-24(2) Vs. B-301/302, Suchi Height, th Room No.601, 6 Floor, Film city Road, Gokuldham, Pratyakshakar Malad (E) Bhavan,Bandra-Kurla Mumbai-400 097. Complex, Bandra (E) Mumbai-400 051. ᭭थायी ले खा सं . / जीआइआर सं . /PAN/GIR No. : AFYPG 4748 J (अपीलाथᱮ /Appellant) .. (ᮧ᭜यथᱮ / Respondent)

अपीलाथᱮ कᳱ ओर से / Appellant by : Shri Asghar Zain V.P. -Sr.AR ᮧ᭜यथᱮ कᳱ ओर से/Respondent by : Shri S.C. Tiwari

सुनवाई कᳱ तारीख / Date of Hearing: 14/01/2015 घोषणा कᳱ तारीख /Date of Pronouncement : 14/01/2015

आदे श / O R D E R

Per Sanjay Garg, Judicial Member:

The present appeal has been preferred by the Revenue against the order dated 13/01/2011 of the Commissioner of Income Tax (Appeals) [(hereinafter referred to as CIT(A)] agitating the deletion of the addition of Rs.67,500/- and Rs.3,97,105/-, which was made by the AO in respect of interest and income from undisclosed sources respectively. The Revenue has also agitated the action of the CIT(A) in directing the AO to treat rent received from godown as income from house property as against business income treated by the AO.

2. At the outset, the Ld. A.R. of the assessee has stated that the tax effect in this appeal is less than Rs.4 lakhs which is below the prescribed limit for filing the appeal before the 2 ITA No.2048/M/11

Tribunal as per the CBDT Circular No.5 dated 10.07.14. Ld. D.R. has fairly admitted that the tax effect in this appeal is below the prescribed limit of Rs.4 lakhs.

3. Since the tax effect in the present appeal is below prescribed limit, therefore, we are of the view that the appeal of the Revenue is not maintainable. The Central Board of Direct Taxes (CBDT) vide Instruction No.5 dated 10.07.2014 has prescribed the monetary limit for filing the appeal by the department where tax effect is less than Rs.4 lakhs. The Hon'ble Bombay High Court in the case of 'Madhukar Inamdar' - 185 Taxmann. 101 has held that CBDT circular is applicable where the appeals are pending and not only to the appeals which are to be filed after the circular was issued. Similar view has been adopted by the co- ordinate benches of this tribunal in the case of 'ITO vs. Surendermal R. Lodha' in ITA No.1628/Mum/11 for the Assessment Year 2004-05 decided on 25.08.14 and further in the case of 'ITO vs. Shri Kuldeep Ganesh Hake' in ITA No.4284/M/2013 for the Assessment Year 2008-09 decided on 17.09.2014. In view of the aforementioned Instructions of the CBDT and the above judicial decisions on the issue, since the tax effect in the appeal of the Revenue is below the prescribed limit, therefore, the present appeal of the Revenue is not maintainable, consequently, the same is hereby dismissed.

4. In the result, the appeal of the Revenue is dismissed as not maintainable.

Order pronounced in the open court on 14/01 /2015.

आदे श कȧ धोषणा खुले Ûयायालय मɅ Ǒदनांकः 14/01/2015 को कȧ गई ।

Sd/- Sd/- (B.R. BASKARAN) (SANJAY GARG )

लेखा सदःय / ACCOUNTANT MEMBER Ûयाियक सदःय/JUDICIAL MEMBER मुंबई Mumbai; Ǒदनांक Dated : 14/01/2015 व.िन.स./ Jv , Sr. PS 3 ITA No.2048/M/11

आदे श कȧ ूितिलǒप अमेǒषत/Copy षत of the Order forwarded to :

1. अपीलाथȸ / The Appellant

2. ू×यथȸ / The Respondent.

3. आयकर आयुƠ(अपील) / The CIT(A)-

4. आयकर आयुƠ / CIT

5. ǒवभागीय ूितिनिध, आयकर अपीलीय अिधकरण, मुब ं ई / DR, ITAT, Mumbai

6. गाड[ फाईल / Guard file.

आदे शानुसार/ ार BY ORDER, स×याǒपत ूित //True Copy// उप/सहायक उप सहायक पंजीकार (Dy./Asstt. Registrar)

आयकर अपीलीय अिधकरण, अिधकरण मुंबई / ITAT, Mumbai.