The Pr. Commissioner Of Income Tax-2, Nashik v. M/S Rajmal Lakhichand Jewellers Pvt. Ltd., Jalgaon

IN THE HIGH COURT OF JUDICATURE

AT BOMBAY BENCH AT AURANGABAD.

INCOME TAX APPEAL NO.94 OF 2016 Pr.Commissioner of Income Tax-2, Nashik.

... Appellant.

Versus

M/s Rajmal Lakhichand Jewellers Pvt.Ltd., Jalgaon.

... Respondent.

...

Mr.Alok Sharma, Standing counsel for Appellant absent.

Mr.Subodh P.Shah, advocate for Respondent.

...

CORAM : S.V.GANGAPURWALA AND A.M. DHAVALE,JJ.

Date : 12.03.2018.

PER COURT :

1.

Learned Standing Counsel for the appellant absent. Counsel for Respondent is present.

2.

Perusal of the appeal Memo it

transpires that the Tax liability involved is Rs.12,16,063/- (Rupees twelve lac sixteen thousand sixty three).

3.

In view of CBDT Circular dated 10.12.2015, the policy decision is taken not to prosecute the appeals wherein Tax liability is below Rs.20,00,000/- (Rupees twenty lac).

4.

In light of the above, the appeal stands disposed of.

(A.M.DHAVALE,J.) (S.V.GANGAPURWALA,J.) asp/office/Intaxappeal94.16