2014 (1) TMI 1261

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.... Per N. K. Billaiya, A. M. This appeal by the Revenue is directed against the order dated 24.05.2010 of CIT-24, Mumbai for the A.Y. 2004-05. The only effective ground of appeal is that on the facts and circumstances of the case and in law the Ld. CIT(A) erred in cancelling the levy u/s.271(1)(c) of the Act on account of doubtful debts and travelling expenses when the assessee had not produced t....

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....s view is duly supported by the decision in the case of ACIT Vs. Satish Chand Jain (2006) 10 SOT 383 (Del.). Similar view has been taken by the Hon'ble Bombay High Court in the case of CIT vs. Camco Colour Co. (2002) 254 ITR 565 (Bom), wherein it has been held that the tax effect involved in the appeal filed by the Revenue being less than the limit as prescribed in the board circular, the same is ....