Pr Commissioner Of Income Tax 1 v. Future Corporate Resources Ltd

by PALLAVI MAHENDRA WARGAONKAR Date:

2025.10.10 16:13:34 +0530 445-ITXA-435-2025.DOCX PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (IT) NO. 435 OF 2025 Pr Commissioner of Income Tax 1 ...Appellant

Versus

Future Corporate Resources Ltd.

...Respondent

_________________________________________________________________ Ms. Samiksha Kanani a/w Ms. Gayatri Naik for Appellant. Ms. Sruti Kalyanikar for Respondent.

_________________________________________________________________ CORAM : M.S. Sonak & Advait M. Sethna, JJ.

DATED : 8 October 2025 P.C.:- 1.

Ms. Gayatri Naik, learned counsel for the Appellant, on instructions and in view of the CBDT Circular seeks leave to withdraw this Appeal on the ground that the Tax effect in this case is less than Rs.2 Crores. 2.

Accordingly, we dispose of this appeal on the ground of low tax effect, leaving open all the questions of law raised in the Appeal. 3.

If, at the later stage, it is found that the tax effect is greater than Rs. 2 Crores or that the matter falls within any of the exceptions to the CBDT Circular, liberty is granted to apply for revival within a reasonable time, i.e., on or before 31 January 2026.

4.

The Appellant shall be entitled to refund of Court fees in accordance with Rules.

(Advait M. Sethna, J) (M. S. Sonak, J.)