The Commissionr Of Income-Tax-1 v. M/S Royal Business Centre Pvt Ltd

Uday S. Jagtap 292-08-ITXA-905-C=.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 292 OF 2008 WITH INCOME TAX APPEAL NO. 306 OF 2008 WITH INCOME TAX APPEAL NO. 316 OF 2008 WITH INCOME TAX APPEAL NO. 331 OF 2008 WITH INCOME TAX APPEAL NO. 484 OF 2008 The Commissioner of Income Tax-1 .. Appellant Mumbai v/s.

M/s. Royal Business Centre Pvt. Ltd.

..Respondent Mr. P.C. Chhotaray for the appellant Mr. Deepak Tralshawala I/b V.S. Hadade for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J.

DATED : 1st AUGUST, 2018.

P.C.

1.

These Appeals relate to Assessment Years 1997-98, 1998-99, 1999-2000, 2000-01 and 2002-03.

2.

Mr. Chhotaray, 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 Uday Shivaji Jagtap by Uday Shivaji Jagtap Date:

2018.08.04 11:03:06 +0530

Uday S. Jagtap 292-08-ITXA-905-C=.doc 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.

In the above view, Mr. Chhotaray, learned Counsel appearing in support of the appeal, on instructions from Mr. Mary M. Remedios, ITO 1(3)(1), Mumbai, seeks to withdraw these appeals. 4.

All the five appeals are dismissed as withdrawn. 5.

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

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