Director Of Income Tax (It) -I v. M/S American Express Bank Limited, C/O Standard Chartered Bank

(908)ITXANo.8752015

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDITION INCOME TAX APPEAL NO.875 OF 2015 Director of Income-Tax (I.T.)-I ...

Appellant V/s.

M/s.American Express Bank Ltd. ...

Respondent .....

Mr.Suresh Kumar h/f. Mr.Tejveer Singh, Advocate for the Appellant.

Mr.Jas Sanghvi i/by PDS Legal, Advocate for the Respondent. ....

CORAM :

S.V.GANGAPURWALA & A.M.BADAR JJ.

DATED :

3rd August 2017.

P.C.

The present Appeal is for the Assessment year 1998-99. In this Appeal, the tax effect is less than Rs.20 Lakhs. In light of the above and in view of the CBDT Circular No.21/2015 dated 10/12/2015, the Department has taken policy decision not to prosecute the appeals where the tax effect is less than Rs.20 Lakhs. The learned counsel for the Appellant seeks leave to withdraw the Appeal.

The Appeal is disposed of as withdrawn. No costs. Court fees as per rules be refunded.

( A.M.BADAR J.) ( S.V.GANGAPURWALA J.) Gaikwad RD 1/1