Pr. Commissioner Of Income Tax - Central - 1 v. Grasim Industries Ltd

916. ITXA 1315-19.doc Chittewan

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1315 OF 2019 Pr. Commissioner of Income Tax-1, Old CGO Annex Building, M.K. Road, Mumbai-400 020 ...

Appellant

Versus

Grasim Industries Limited.

(Successor to the business of Aditya Birla Nuvo Limited formerly known as Indian Rayon and Industries Limited), A-4, Aditya Birla Center, S.K. Ahire Marg, Worli, Mumbai-400 030 PAN :AAACI1747H ...

Respondent *** Mr. Suresh Kumar for the Appellant.

Mr. Atul K. Jasani for the Respondent.

*** CORAM : DHIRAJ SINGH THAKUR & ABHAY AHUJA, JJ.

DATE : 12 AUGUST 2022 P. C. :

.

Learned Counsel appearing for the Appellant states that the tax effect in the present Appeal is below the limit stipulated in terms of Circular No.17 of 2019 dated 8 August 2019. It is stated that no instructions have been received from the Department to withdraw the present Appeal.

In the light of Circular No.17 of 2019, the Appeal is disposed of as involving low tax effect.

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916. ITXA 1315-19.doc Chittewan However, we observe that in case, the Revenue finds for some reason that the Appeal was not supposed to have been withdrawn in the light of the Circular, it would be open to the Revenue to file an application seeking restoration of the Appeal to be decided on its own merits. Refund of Court-fees as per rules.

(ABHAY AHUJA, J.) (DHIRAJ SINGH THAKUR, J.) RAJESH VASANT CHITTEWAN RAJESH VASANT CHITTEWAN Date: 2022.08.17 12:45:31 +0530 2/2