The Commissioner Of Income Tax-3, Mumbai v. M/S Elite Agencies Pvt. Ltd.

Uday S. Jagtap 914-08-ITXA-36=.doc THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 914 OF 2008 The Commissioner of Income Tax-3 .. Appellant v/s.

M/s. Elite Agencies Pvt. Ltd.

..Respondent Mr. Suresh Kumar for the appellant None for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J.

DATED : 9th AUGUST, 2018.

P.C.

1.

This Appeal relates to Assessment Year 1998-99. 2.

Mr. Suresh Kumar, learned Counsel appearing for the Revenue invited our attention to Circular No.3 of 2018 dated 11th July, 2018 issued by the Central Board for Direct Tax (CBDT). The above Circular directs the Officers of the Revenue not to file appeals to the High Court where the tax effect does not exceed Rs.50 lakhs. It also directs its Officers to withdraw / not press its pending appeals where the tax effect is less than Rs.50 lakhs. This, of course, if it does not fall in the excluded class of appeals listed therein. 3.

Our attention is invited to para 14 of the Appeal Memo, which Digitally signed by Uday Shivaji Jagtap Date:

2018.08.13 10:53:47 +0530 Uday Shivaji Jagtap indicates that in this Appeal, the tax effect is Rs. 44 lakhs.

Uday S. Jagtap 914-08-ITXA-36=.doc 4.

In view of the Circular No.3 of 2018 dated 11th July, 2018 issued by the CBDT, Mr. Suresh Kumar, learned Counsel appearing for the Revenue, on instructions from Mr. P. Satish Reddy, ACIT, does not press the present Appeal.

5.

Accordingly, Appeal dismissed, as withdrawn.

6.

Refund of Court Fees, if any, as per Rules.

(SANDEEP K. SHINDE J.) (M.S. SANKLECHA, J.)