The Principal Commissioner Of Income Tax 4 v. M/S Shreepati Holdings And Finance Pvt Ltd

903-ITXA-50-2016.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 50 OF 2016 Digitally signed by SHRADDHA KAMLESH TALEKAR Date:

2023.01.18 16:24:46 +0530 The Principal Commissioner of Income Tax-4, 6th Floor, Aayakar Bhavan, M.K. Road, Mumbai 400 020.

... Appellant SHRADDHA KAMLESH TALEKAR

Versus

M/s. Shreepati Holdings and Finances Pvt. Ltd. 401, Mehta Mahal, 4th Floor, Mathew Road, Opera House, Mumbai - 400 004.

...Respondent

***** Mr.Suresh Kumar, Advocate for appellant.

Mr.Atul K. Jasani, Advocate for respondent.

CORAM : DHIRAJ SINGH THAKUR & KAMAL KHATA, JJ.

DATE : 13th JANUARY, 2023.

P C :

1.

Learned counsel for the appellant states that the tax effect in the present Appeal is below the limit stipulated in terms of Circular No.17 of 2019, dated 8th August, 2019 issued by Central Board of Direct Taxes (CBDT). It is stated that no instructions have been received from the Department to withdraw the present Appeal.

Shraddha Talekar, PS 1/2

903-ITXA-50-2016.doc 2.

In the light of Circular No.17 of 2019, the Appeal is disposed of as involving low tax effect.

3.

However, we observe that in case, the Revenue fnds for some reason that the Appeal was not supposed to have been withdrawn in the light of the Circular, it would be open to the Revenue to fle an application, seeking restoration of the Appeal, to be decided on its own merits. Refund of Court-fees as per rules. [ KAMAL KHATA, J. ] [DHIRAJ SINGH THAKUR, J.] Shraddha Talekar, PS 2/2