Commissioner Of Income Tax-Iii, Pune v. Serum International Ltd.

3-IITXA-1490-2012.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1490 OF 2012 COMMISSIONER OF INCOME TAX- III,PUNE)...APPELLANT V/s.

SERUM INTERNATIONAL LTD.

)...RESPONDENT Mr.Tejveer Singh, Advocate for the Appellant. Mr.Ruturaj Gujar, Advocate for the Respondent.

CORAM

:

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

DATE :

31st JULY 2017 P.C. :

This appeal relates to the Assessment Year 2006-2007. 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 effect is less than Rs.20 lakh. The learned counsel for the appellant seeks leave to withdraw the appeal. avk 1/2

3-IITXA-1490-2012.doc The appeal is disposed of as withdrawn.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