Commissioner Of Income Tax-11 v. M/S. K. S. Aiyar And Co.

Uday S. Jagtap 1728-14-ITXA-911-C=.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1728 OF 2014 WITH INCOME TAX APPEAL NO. 1742 OF 2014 The Commissioner of Income Tax .. Appellant v/s.

M/s. K.S. Aiyar & Co.

..Respondent Mr. Suresh Kumar for the appellant Mr. Jintendra Jain a/w Mr. V.Y. Bhate I/b PDS Legal for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J.

DATED : 24th NOVEMBER, 2018.

P.C.

1.

These appeals challenge order passed by the Income Tax Appellate Tribunal.

2.

Mr. Suresh Kumar, 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, Mr. Suresh Kumar has been instructed not to press the appeals as the tax effect involved in the present appeals is less than the threshold limits of Rs.50 lakhs. 4.

Accordingly, both the appeals are dismissed as not pressed. 5.

Refund of Court Fees as per Rules.

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