Commissioner Of Income Tax Central Circle Iv v. M.S N.H.Securities Ltd.

ITXA68.13

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.68 OF 2013 The Commissioner of Income Tax, Central Circle IV, Mumbai 400 020 ... Appellant v/s M/s N.H. Securities Ltd., Mumbai 400 005 ... Respondent Mr Arvind Pinto for Appellant.

Mr Atul Jasani for Respondent.

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

DATE : 29 th FEBRUARY, 2016 P.C.:- 1.

This Appeal relates to Assessment Year 2006-07. Mr Pinto, learned counsel for the Revenue states that the tax effect in the present Appeal as indicated in para 11 of the Appeal Memos is Rs.10.44 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 limit 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

ITXA68.13 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