The Commissioner Of Income-Tax,V.Pune. v. M/S Vikered System International Ltd.

215. ITXA 481.03.doc JPP

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 481 OF 2003 The Commissioner of Income Tax, V, Pune ... Appellant V/s.

M/s. Vikered System International Ltd.

... Respondent Ms. Swapna Gokhale i/b. Suresh Kumar for the Appellant Mr. Atul Jasani for the Respondent CORAM : NITIN JAMDAR & N.R. BORKAR, JJ.

DATE : 16 JUNE 2022 P.C. :- Heard the learned Counsel for the parties.

2.

The tax effect involved in this Appeal is Rs.2,52,876/-. The Appeal pertains to Assessment Year 1986-87. 3.

The learned Counsel for the Appellant states that the tax effect involved in this Appeal is below the limit stipulated in the

215. ITXA 481.03.doc CBDT Circular No. 3 of 2018 dated 11 July 2018 as modified by Circular No. 17 of 2019 dated 8 August 2019, however, no instructions are yet received from the department to withdraw the Appeal.

4.

The Appeal is pending since the year 2003. The CBDT circular is holding the field since 2019 which had stated that the Appeals below the tax effect be withdrawn by the department within the time specified therein, which has since long expired. 5.

In the light thereof, the Appeal is disposed of as being below tax effect.

6.

By way of indulgence, we observe that in case, upon the examination, the Revenue finds that the Appeal is not to be withdrawn in the light of the Circular and if application/praecipe is filed within a period of six weeks, the Court may consider restoring the Appeal to be heard on merits.

N.R. BORKAR, J.

NITIN JAMDAR, J.

by JYOTI PRAKASH PAWAR Date:

2022.06.18 15:22:22 +0530 JYOTI PRAKASH PAWAR