The Commissioner Of Income -Tax-1, Mumbai. v. M/S.Rhythm Exports Pvt. Ltd., Mumbai.

ITXA2167.09

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.2167 OF 2009 Pri. Commissioner of Income Tax-1, Mumbai 400 020 ... Appellant v/s M/s Rhythm Exports Pvt.Ltd., Mumbai 400 020 ... Respondent Mr P.C. Chhotaray for Appellant.

Mr Ashok Patil for Respondent.

CORAM : M.S. SANKLECHA AND B.P. COLABAWALLA JJ.

DATE : 22ND FEBRUARY, 2016 P.C.:- 1.

This Appeal relates to Assessment Year 2002-03. Mr Chhotaray, learned counsel for the Revenue states that the tax effect in the present Appeal as indicated in para 10 of the Appeal Memo is Rs.05.44 lakhs. He further states that in view of the Central Board of Direct Tax Circular No.21/15 dated 10th December 2015, the tax effect being less than the threshold limits of Rs.20 lakhs provided therein for challenging an order of the Tribunal before this Court, he does not press the present 1/2 VRD

ITXA2167.09 Appeal.

2.

Accordingly, the Appeal is dismissed as not pressed. Refund of Court fees as per Rules.

(B.P.COLABAWALLA, J.) (M.S. SANKLECHA, J.) 2/2 VRD