Thecommissioner Of Income-Tax-City-9,Mm v. Current Investment Pvt Ltd

Uday S. Jagtap 212-08-ITXA-903=.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 212 OF 2008 The Commissioner of Income Tax-9 .. Appellant v/s.

Current Investment Pvt. Ltd.

..Respondent Mr. Suresh Kumar for the appellant Mr. Subhash Shetty for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J.

DATED : 1st AUGUST, 2018.

P.C.

1.

This Appeal relates to Assessment Year 1994-95. 2.

Mr. Suresh Kumar, learned Counsel appearing for the Revenue invited our attention to Circular No.3 of 2018 dated 11th July, 2018 issued by the Central Board for Direct Tax (CBDT). The above Circular directs the Officers of the Revenue not to file appeals to the High Court where the tax effect does not exceed Rs.50 lakhs. It also directs its Officers to withdraw / not press its pending appeals where the tax effect is less than Rs.50 lakhs. This, of course, if it does not fall in the excluded class of appeals listed therein. 3.

In the above view, Mr. Suresh Kumar, learned Counsel appearing in support of the appeal, on instructions from Mr. Damodar N. Uday Shivaji Jagtap Digitally signed by Uday Shivaji Jagtap Date:

2018.08.03 14:08:05 +0530

Uday S. Jagtap 212-08-ITXA-903=.doc Sadawarti, ACIT, Mumbai, seeks to withdraw this appeal. 4.

The appeal is dismissed as withdrawn.

5.

Refund of Court Fees, if any, as per Rules.

(SANDEEP K. SHINDE J.) (M.S. SANKLECHA, J.)