The Commissioner Of Income Tax-9 v. M/S. Vinaso Infotech And Leasing Pvt.Ltd.
939-ITXA-839-14.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 839 OF 2014 The Commissioner of Income Tax-9 ...Appellant v/s.
M/s. Vinaso Infotech & Leasing Pvt. Ltd.
...Respondent
....
Mr. Arvind Pinto i/b Tajveer Singh, for the Appellant. Mr. Jitendra Singh, for the Respondent.
.....
CORAM :
M.S. SANKLECHA & M.S. KARNIK, J.J.
DATED : 15th July, 2016 P.C :
1.
This Appeal relates to Assessment Year 2006-2007. 2.
Mr. Pinto, learned Counsel appearing for the Revenue invited our attention to Circular No. 21 of 2015 issued by the Central Board for Direct Tax dated 10th December, 2015. In particular, our attention invited to paragraphs 3 and 10 therein which read as under:- "3:-Henceforth, appeals/SLPs shall no be filed in cases where the tax effect does not exceed the monetary limits given hereunder:- Sameer Pg 1 of 2
939-ITXA-839-14.doc Sr.
No.
Appeals in Income Tax matters Monetary (in Rs.) Limit Before Appellate Tribunal 10,00,000/- Before High Court 20,00,000/- Before Supreme Court 25,00,000/- It is clarified that an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed above. Filing of appeal in such cases is to be decided on merits of the case."
" 10:- This instruction will apply retrospectively to pending appeals and appeals to be filed henceforth in High Court/ Tribunals. Pending appeals below the specified tax limits in para 3 above may be withdrawn/not pressed. Appeals before the Supreme Court will be governed by the instructions on this subject, operative at the time when such appeal was filed." 3.
In the present case, the tax effect is Rs. 75 thousand as mentioned in paragraph 10 of the Appeal Memo. 4.
Mr. Pinto, who appears for the Revenue undertakes to take file his Vakalatnama by 19th July, 2016.
5.
In view of the above, Mr. Pinto, learned Counsel appearing for the Revenue does not press the present Appeal. 6.
Accordingly, Appeal is dismissed, as not pressed. 7.
Refund of Court Fees, as per Rules.
(M.S. KARNIK, J.) (M.S. SANKLECHA, J.) Sameer Pg 2 of 2