The Commissioner Of Income Tax-3, Mumbai. v. M/S. Eurotex Industries And Exports Ltd., Mumbai.

Uday S. Jagtap 1307-08-ITXA-41=.doc THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1307 OF 2008 The Commissioner of Income Tax-3 .. Appellant v/s.

M/s. Eurotex Industries & Exports Ltd.

..Respondent Mr. Sham Walve for the appellant Mr. Pankaj R. Toprani 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 2001-02. 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.

Digitally signed by Uday Shivaji Jagtap Date:

2018.08.13 10:53:50 +0530 3.

In view of the Circular No.3 of 2018 dated 11th July, 2018 issued Uday Shivaji Jagtap

Uday S. Jagtap 1307-08-ITXA-41=.doc by the CBDT, Mr. Walve, learned Counsel appearing for the Revenue, on instructions from Mr. P. Satish Reddy, ACIT, does not press the present Appeal.

4.

Accordingly, Appeal dismissed, as withdrawn.

5.

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

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