The Commissioner Of Income Tax -4 Mumbai v. Proctical Financial Services P. Ltd Mumbai

ITXA2258.09

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.2258 OF 2009 Commissioner of Income Tax-4, Mumbai 400 020 ... Appellant v/s M/s Practical Financial Services P.Ltd., Mumbai 400 021 ... Respondent Mr Suresh Kumar for Appellant.

Ms Neelam Jadhav i/b Mr A.R. Singh for Respondent. CORAM : M.S. SANKLECHA AND B.P. COLABAWALLA JJ.

DATE : 22ND FEBRUARY, 2016 P.C.:- 1.

This Appeal relates to Assessment Year 2002-03. Mr Suresh Kumar, learned counsel for the Revenue states that the tax effect in the present Appeal as indicated in para 11 of the Appeal Memos is Rs.19.19 lakhs. He further states that in view of the Central Board of Direct Tax Circular No.21/15 dated 10th December 2015, the tax effect being less than the threshold limits of Rs.20 lakhs provided therein for challenging an order of the Tribunal before this Court, he does not press the present 1/2 VRD

ITXA2258.09 Appeal.

2.

Accordingly, the Appeal is dismissed as not pressed. Refund of Court fees as per Rules.

(B.P.COLABAWALLA, J.) (M.S. SANKLECHA, J.) 2/2 VRD