The Pr. Commissioner Of Income Tax-Pune 5 v. Seven Star Electronics Pvt. Ltd.

Rane 1/2 ITXA-107-2016 (SR.42) 7.8.2018

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 107 OF 2016 The Pr. Commissioner of Income Tax-Pune-5 ....Appellant V/s.

Seven Star Electrodes Pvt. Ltd.

....Respondent * * * * Ms. Swapna Gokhale I/by. Mr. Suresh Kumar, Advocate for the appellant.

CORAM :- M.S. SANKLECHA, & SANDEEP K. SHINDE, JJ.

TUESDAY, 7TH AUGUST, 2018.

P.C. :

1.

This Appeal relates to Assessment Year 2007-08.

2.

Ms. Gokhale, 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

Rane 2/2 ITXA-107-2016 (SR.42) 7.8.2018 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.

In view of the Circular No.3 of 2018 dated 11th July, 2018 issued by the CBDT, Ms. Gokhale, Learned Counsel appearing for the Revenue, on instructions of Mr. S.S. Rane, Commissioner of IncomeTax-5, seeks to withdraw this Appeal. 4.

Accordingly, Appeal is dismissed as withdrawn.

5.

Refund of court-fees as per Rules.

(SANDEEP K. SHINDE, J) (M.S. SANKLECHA, J) by Neeta Shailesh Sawant Date:

2018.08.09 12:14:39 +0530 Neeta Shailesh Sawant