Principal Commissioner Of Income Tax, 33, Mumbai v. Xerxes K Rao

Uday S. Jagtap 1955-18-itxa-83=.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1955 OF 2018 Pr. Commissioner of Income Tax-33 .. Appellant v/s.

Xerxes K. Rao .. Respondent Mr. Arvind Pinto for the appellant Ms. Aasifa Khan for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J.

DATED : 11th DECEMBER, 2018.

P.C.

1.

This appeal challenges the order dated 3rd January, 2017 passed by the Income Tax Appellate Tribunal.

2.

Mr. Pinto, learned Counsel appearing in support of the appeal invites our attention to the Circular No.3/2008 dated 11th July, 2018 issued by the Central Board of Direct Taxes which inter alia directs the Revenue not to press the pending appeals where the tax effect is less than Rs.50 lakhs.

3.

In view of the above Circular, Ms. Pinto has been instructed not to press the appeal as the tax effect involved in the present appeal is less than the threshold limits of Rs.50 lakhs. 4.

Accordingly, the appeal is dismissed as not pressed. 5.

Refund of Court Fees as per Rules.

(M.S. SANKLECHA, J.) (AKIL KURESHI, J.)