The 2012 star and professional partner Flavia Cacace made a tearful and shocking exit from the competition after finding themselves in the bottom two alongside Michelle Williams and Brendan Cole.
Mistry appeared stunned as Tess Daly revealed that he had failed to attract viewer votes with his cheeky quickstep, which had in fact given him his best score yet from the judges.
When asked to comment on the result, Bruno Tonioli declared that viewers had experienced " a moment of madness".
"The fact is that he had his highest score since the series started, his performance was beautiful, very entertaining. I don't see it as him deserving to be in the bottom two."
Surviving contestant Felicity Kendal echoed Tonioli's reaction, stating: "I'm completely shocked about Jimmy, I thought he was wonderful. I can't believe it, it must have been a mistake."
Upon hearing that he had finished in the final two, Mistry declared: "It is what it is I suppose. We've done the best we've done and I've had a fantastic time whatever happens, so it's fine."
However, the 37-year-old appeared too emotional to speak upon being given his marching orders and instead stepped out for a final dance with Cacace, which was accompanied by a standing ovation from the judges and ballroom audience.