Commissioner Of Income Tax, Thane-I v. Everest Industries Ltd

Dixit

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.2372 OF 2013 Commissioner of Income-Tax, Thane-I, Thane ....

Appellant V/s.

Everest Industries Ltd., (Formerly known as Eternit Everest Ltd.), New Delhi ....

Respondent Mr. Suresh Kumar for the Appellant.

Mr. Niraj Seth and Mr. Rajesh Poojari, i/by Mint & Conferers, for the Respondent.

CORAM : M.S. SANKLECHA & DR. SHALINI PHANSALKAR-JOSHI, J.J.

DATE :

TH JANUARY 2016.

P.C. :

1.

This Appeal relates to the Assessment Year 2003-04. 2.

Mr. Suresh Kumar, learned counsel for the Revenue, points out that the tax effect in the present Appeal is of Rs.10.29 lakhs, as indicated in paragraph No.10 of the Memo of Appeal. The aforesaid amount is less than the threshold limit prescribed in the C.B.D.T. Circular No.21 of 2015 dated 10th December 2015, wherein the Officers of the Revenue have 1/2 ITXA-2372-13.doc

been directed to challenge the orders of the Tribunal only where the tax effect is not less than Rs.20 lakhs and to withdraw or not press pending appeals where the tax effect is less than Rs.20 lakhs. 3.

In view of the above C.B.D.T. Circular No.21 of 2015 dated 10th December 2015, Mr. Suresh Kumar, learned counsel for Revenue, does not press the present Appeal.

4.

Accordingly, the Appeal stands dismissed as not pressed. 5.

Refund of Court fees as per rules.

[DR. SHALINI PHANSALKAR-JOSHI, J.] [M.S. SANKLECHA, J.] 2/2 ITXA-2372-13.doc