The C.I.T.Pune. v. Kalyani Consultants P.Ltd

882-98-itr=.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.882 OF 1998 The Commissioner of Income Tax, Pune .. Applicant v/s.

Kalyani Consultants Pvt. Ltd.

.. Respondent Mr. Suresh Kumar a/w Ms. Kanani for the applicant None for the respondent CORAM : M.S. SANKLECHA & A.K. MENON, J.J.

DATED : 5th AUGUST, 2016.

P.C.

1.

This Reference under Section 256(1) of the Income Tax Act, 1961 (the Act) relates to Assessment Years 1980-81 and 1981-82. 2.

Mr. Suresh Kumar, learned Counsel appearing for the applicant Revenue files an affidavit of Mr. Tushar Mohite, Deputy Commissioner of Income Tax, dated 22nd July, 2016 stating that the tax effect involved in the present Reference is Rs.29,421/- for A.Y. 1980-81 and Rs.23,353/- for A.Y. 1981-82. Thus below the threshold limits of Rs.20 lakhs as provided in the Central Board of Direct Tax No.21/2015 as clarified by Circular dated 8th March, 2016, the present Reference is Uday S. Jagtap

882-98-itr=.doc not being pressed.

3.

In the aforesaid circumstances, the Reference is returned unanswered. However, the questions as framed for our opinion in this Reference are left open to be considered in an appropriate case, if not already decided.

4.

The Reference is disposed of in the above terms. (A.K. MENON, J.) (M.S. SANKLECHA, J.) Uday S. Jagtap