{"id":3297,"date":"2011-06-08T22:13:49","date_gmt":"2011-06-08T16:43:49","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=3297"},"modified":"2011-06-08T22:13:49","modified_gmt":"2011-06-08T16:43:49","slug":"ito-vs-laxmi-jewel-pvt-ltd-itat-mumbai-cbdt-circular-on-monetary-limits-for-filing-appeals-applies-to-pending-appeals","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/ito-vs-laxmi-jewel-pvt-ltd-itat-mumbai-cbdt-circular-on-monetary-limits-for-filing-appeals-applies-to-pending-appeals\/","title":{"rendered":"ITO vs. Laxmi Jewel Pvt Ltd (ITAT Mumbai)"},"content":{"rendered":"<table width=\"150\" border=\"0\" align=\"right\">\n<tr>\n<td><a href=\"https:\/\/itatonline.org\/archives\/?dl_id=446\" onclick=\"if (event.button==0) \r\n     setTimeout(function () { window.location = 'http:\/\/itatonline.org\/downloads.php?varname=dl_id=446&varname2=laxmi_jewel_cbdt_monetary_limit.pdf'; }, 100)\" ><strong>Click here to download the judgement (laxmi_jewel_cbdt_monetary_limit.pdf) <\/strong> <\/a><\/p><\/td>\n<\/tr>\n<\/table>\n<p><strong><br \/>\nCBDT Circular on monetary limits for filing appeals applies to pending appeals<br \/>\n<\/strong><\/p>\n<p>The Tribunal had to consider whether <strong><a href=\"http:\/\/www.itatonline.org\/info\/index.php\/revised-limits-for-filing-appeals-by-department-before-appellate-authorities\/\">Instruction No. 3\/2011 dated 9.2.2011<\/a><\/strong> which provides that the department should not file appeals before the Tribunal in cases where the tax effect does not exceed Rs. 3 lakhs would apply to <em>pending appeals<\/em> as well. HELD deciding in affirmative:<\/p>\n<blockquote><p>As per <strong><a href=\"http:\/\/www.itatonline.org\/info\/index.php\/revised-limits-for-filing-appeals-by-department-before-appellate-authorities\/\">Instruction No. 3 of 2011 dated 09.02.2011<\/a><\/strong> appeal before Tribunal can be filed where the tax effect exceeds the monetary limit of Rs. 3 lakhs. However, considering the similar situation where tax limits were modified by the CBDT <a href=\"http:\/\/www.itatonline.org\/info\/index.php\/revision-of-monetary-limits-for-filing-appeals-by-the-department-before-income-tax-appellate-tribunals-high-courts-and-supreme-court-measures-for-reducing-litigation\/\">Instruction No. 5 of 2008<\/a> the jurisdictional High Court in <strong>Madhukar K. Inamdar (HUF)<\/strong> 318 ITR 149 held that the circular will be applicable to the cases pending before the court either for admission or for final disposal. In view of the order of the jurisdictional High Court we hold that <strong>Instruction No. 3 dated 09.02.2011 is applicable for the appeal preferred by the Revenue<\/strong>. Therefore, the appeal is dismissed on the issue of tax effect involved. <\/p><\/blockquote>\n<div class=\"journal2\">\n<strong>Note<\/strong>: The same view in has been taken in <strong>ITO vs. India Safety Vaults Ltd<\/strong> (<em>included in file<\/em>). See also <strong><a href=\"http:\/\/itatonline.org\/archives\/index.php\/cit-vs-delhi-race-club-ltd-delhi-high-court-cbdt-circular-on-monetary-limits-for-filing-appeals-applies-to-pending-appeals\">CIT vs. Delhi Race Club Ltd<\/a><\/strong> (Delhi High Court)\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As per <strong>Instruction No. 3 of 2011 dated 09.02.2011<\/strong> appeal before Tribunal can be filed where the tax effect exceeds the monetary limit of Rs. 3 lakhs. However, considering the similar situation where tax limits were modified by the CBDT Instruction No. 5 of 2008 the jurisdictional High Court in <strong>Madhukar K. Inamdar (HUF)<\/strong> 318 ITR 149 held that the circular will be applicable to the cases pending before the court either for admission or for final disposal. In view of the order of the jurisdictional High Court we hold that <strong>Instruction No. 3 dated 09.02.2011 is applicable for the appeal preferred by the Revenue<\/strong>. Therefore, the appeal is dismissed on the issue of tax effect involved<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/ito-vs-laxmi-jewel-pvt-ltd-itat-mumbai-cbdt-circular-on-monetary-limits-for-filing-appeals-applies-to-pending-appeals\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,8],"tags":[],"class_list":["post-3297","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-tribunal"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/3297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=3297"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/3297\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=3297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=3297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=3297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}