The Pr. Commissioner Of Income Tax-3, Pune v. Dharrit Yogen Shah

Uday S. Jagtap 1221-18-ITXA-908=.doc `]THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1221 OF 2018 The Pr. Commissioner of Income Tax-3 .. Appellant v/s.

Dharrit Yogen Shah ..Respondent Mr. Sham V. Walve for the appellant None for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J.

DATED : 9th AUGUST, 2018.

P.C.

1.

This Appeal relates to Assessment Year 2007-08. 2.

Mr. Walve, learned Counsel appearing for the Revenue invited our attention to Circular No.3 of 2018 dated 11th July, 2018 issued by the Central Board for Direct Tax (CBDT). The above Circular directs the Officers of the Revenue not to file appeals to the High Court where the tax effect does not exceed Rs.50 lakhs. It also directs its Officers to withdraw / not press its pending appeals where the tax effect is less than Rs.50 lakhs. This, of course, if it does not fall in the excluded class of appeals listed therein.

3.

Our attention is invited to para 13 of the Appeal Memo, which indicates that in this Appeal, the tax effect is Rs.44.57 lakhs. Digitally signed by Uday Shivaji Jagtap Date:

2018.08.13 10:53:54 +0530 Uday Shivaji Jagtap

Uday S. Jagtap 1221-18-ITXA-908=.doc 4.

In view of the Circular No.3 of 2018 dated 11th July, 2018 issued by the CBDT, Mr. Walve, learned Counsel appearing for the Revenue, on instructions from Mr. Deepak Soni, Income Tax Officer for the office of the Principal Commissioner of Income Tax, does not press the present Appeal.

5.

Accordingly, Appeal dismissed, as withdrawn.

6.

Refund of Court Fees, if any, as per Rules.

(SANDEEP K. SHINDE J.) (M.S. SANKLECHA, J.)