Commissioner Of Income Tax-16 v. M/S. Shyam Co-Op. Hsg.Soc.Ltd.

ITXA57.15

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.57 OF 2015 Commissioner of Income Tax-16, Mumbai 400 007 ... Appellant v/s M/s Shyam Co-op. Hsg. Society Ltd., Mumbai 400 026 ... Respondent Mr Ashok Kotangale i/b Ms Padma Divakar for Appellant. Ms Aasifa Khan for Respondent.

CORAM : M.S. SANKLECHA AND B.P. COLABAWALLA JJ.

DATE : 11TH FEBRUARY, 2016 P.C.:- 1.

This Appeal relates to Assessment Year 2008-09. Mr Kotangale, learned counsel for the Revenue states that the tax effect in the present Appeal as indicated in para 12 of the Appeal Memo is Rs.17.77 lakhs. He further states that in view of the Central Board of Direct Tax Circular No.21/15 dated 10th December 2015, the tax effect being less than the threshold limits of Rs.20 lakhs provided therein for challenging an order of the Tribunal before this Court, he does not press the present 1/2 VRD

ITXA57.15 Appeal.

2.

Accordingly, the Appeal is dismissed as not pressed. Refund of Court fees as per Rules.

(B.P.COLABAWALLA, J.) (M.S. SANKLECHA, J.) 2/2 VRD