Commissioner Of Income Tax -6 v. Ernst And Young Merchant Banking Services Pvt. Ltd.

16-ITXA-1092-2013.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1092 OF 2013 COMMISSIONER OF INCOME TAX-6 )...APPELLANT V/s.

ERNST & YOUNG MERCHANT BANKING ) SERVICES PVT. LTD.

)...RESPONDENT Mr.Suresh Kumar a/w. Ms.Samiksha Kanani, Advocate for the Petitioner.

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

CORAM

:

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

DATE :

26th JULY 2017 P.C. :

This appeal relates to the Assessment Year 2001-2002. In this appeal, it is submitted that the tax effect is less than Rs.20 lakh.

In light of the above, and in view of CBDT Circular No.21 of 2015, dated 10th December 2015, the department has taken policy decision not to prosecute the appeals where the tax avk 1/2

16-ITXA-1092-2013.doc effect is less than Rs.20 lakh. 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 The appeal is disposed of as withdrawn.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.) avk 2/2