The Pr. Commissioner Of Wealth Tax (Central) v. Serum Institute Of India Ltd.

(13) wtxa-1816.16.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX APPEAL NO.1816 OF 2016 The Pr. Commissioner of Wealth Tax (Central), Pune : Appellant.

versus Serum Institute of India Ltd.

: Respondent.

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Mr. Tejveer Singh for the Appellant.

Mr. Atul Jasani for the Respondent.

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CORAM : AKIL KURESHI & M.S.SANKLECHA, JJ.

DATE : FEBRUARY 27, 2019.

P.C.:

This Appeal under Section 27A of the Wealth Tax Act, 1957 ("the Act" for short) has been filed challenging the order passed by the Income Tax Appellate Tribunal. The learned counsel appearing in support of the appeal, states that he has been instructed to withdraw this appeal. This is for the reason that the tax effect involved in this appeal is less than the threshold limit of Rs. 50 Lacs as provided in CBDT Circular No. 5 of 2019 dated 05/02/2019..

In view of the above submission, the appeal is dismissed as not pressed. Refund of court fees as per rules.

[ M.S.SANKLECHA,J.] [ AKIL KURESHI, J ] lgc