To Commissioner Of Income Tax v. M/S.Lakshmi Finance And Industrial

THE HON'BLE SRI JUSTI CE SANJAY KUMAR AND THE HON'BLE SRI JUSTI CE GUDI SEVA SHYAM PRASAD I .T.T.A.No.165 of 2003 JUDGMENT: (per Hon'ble Sri Justice Sanjay Kumar) Sri J.V. Prasad, learned senior standing counsel for the Income Tax Department, fairly states that the tax effect in this appeal is less than the monetary limits fixed by the Central Board of Direct Taxes under Circular No.21 of 2015 dated 10.12.2015.

The appeal therefore does not deserve consideration on merits and is accordingly dismissed on this short ground. Liberty is however given to the Revenue to take appropriate steps if it is found hereinafter that the said instructions of the Central Board of Direct Taxes would not cover this matter. No order as to costs.

____________________ JUSTI CE SANJAY KUMAR _________________________________ JUSTI CE GUDI SEVA SHYAM PRASAD Date: 11.07.2017 va