The Commissioner Of Income Tax -Central -Ii v. G.M. Breweries Ltd

ITXA1039.11

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1039 OF 2011 Commissioner of Income Tax, Central II, Mumbai 400 020 ... Appellant v/s M/s G.M. Breweries Ltd., Mumbai 400 025 ... Respondent Mr Ashok Kotangale for Appellant.

Mr Satish Mody with 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 2006-07. Mr Kotangale, learned counsel for the Revenue states that the tax effect in the present Appeal as indicated in para 10 of the Appeal Memo is Rs.10.01 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

ITXA1039.11 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