The Principal Commissioner Of Income Tax-8 v. M/S. Starflex Sealing India Pvt.Ltd.

Rane 1/2 ITXA-130-2016 ITXA-151-2016 Friday, 3.8.2018

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 130 OF 2016 ALONGWITH INCOME TAX APPEAL NO. 151 OF 2016 The Pr. Commissioner of Income Tax-8 ....Appellant V/s.

M/s. Starflex Sealing India Pvt. Ltd.

....Respondent * * * * Mr. N.C. Mohanty, Advocate for the appellant. CORAM :

M.S. SANKLECHA, & SANDEEP K. SHINDE, JJ.

FRIDAY, 3RD AUGUST, 2018.

P.C. :

1.

These Appeals first came up for hearing on 27th June, 2018. At that time, certain orders were passed and the appeals were adjourned. Thereafter, on 2nd August, 2018 further a common order was passed in these appeals alongwith Income Tax Appeal No. 293 of 2016.

2.

Today, Mr. Mohanty Learned Counsel for the

Rane 2/2 ITXA-130-2016 ITXA-151-2016 Friday, 3.8.2018 Revenue seeks to withdraw both these appeals in view of the Central Board of Direct Taxes (CBDT) issued a Circular No.3 of 2018 dated 11th July, 2018. The above Circular directed the Revenue Officers not to press appeals were the tax effect involved in less than Rs.50 lacs.

3.

Mr. Mohanty, Learned Counsel appearing in support of the Appeal, states that as the tax effect involved in both the Appeals are less than Rs.50 lakhs, he has been instructed by the Principal Commissioner of Income Tax to withdraw both these Appeals. 4.

Accordingly, both the Appeals are dismissed as withdrawn.

5.

Refund of court-fees as per Rules.

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

2018.08.07 14:57:49 +0530