The Principal Commissioner Of Income Tax - 4 v. Shri. Ashok Kumar Damani
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1243 OF 2015 The Principal Commissioner of Income Tax-4 ....Appellant V/s.
Shri. Ashok Kumar Damani ....Respondent * * * * * Mr. Sham Walve, Advocate for the appellant.
CORAM :- CORAM :- M.S. SANKLECHA, & M.S. SANKLECHA, & SANDEEP K. SHINDE, JJ.
SANDEEP K. SHINDE, JJ.
DATE :- DATE :- 28TH MARCH, 2018.
28TH MARCH, 2018.
P.C. :- P.C. :- 1.
This appeal arises out of a order dated 12th December, 2014 respect of Assessment Year 2009-10. Mr. Walve, 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 is invited to paragraphs Nos. 3,5 and 10 therein, which read as under:- "3:- Henceforth, appeals/SLPs shall not be filed in cases where the tax effect does not exceed the
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Appeals in Income Tax matters Monetary Limit (in Rs.) 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 Courts/ 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 Pending appeals below the specified tax limits in para 3 above may be withdrawn/not pressed.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."
In the present case, the tax effect is Rs.12.18 lakhs as mentioned in paragraph-9 of the Appeal Memo. In view of the above, Mr. Walve, learned Counsel appearing for the Revenue does not press the present Appeal. Accordingly, Appeal dismissed, as not pressed. Refund of Court Fees, as per Rules.
( (SANDEEP K. SHINDE, J) SANDEEP K. SHINDE, J) (M.S. SANKLECHA, J) (M.S. SANKLECHA, J)
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