Pr Commissioner Of Income Tax 4 v. Morgan Stanley Advantage Services Pvt Ltd

446-ITXA-847-2024.DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.10.21 14:15:10 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL(IT) NO. 847 OF 2024 Pr Commissioner Of Income Tax 4 ...Appellant

Versus

Morgan Stanley Advantage Services Pvt Ltd.

...Respondent

______________________________________________________ Ms. Smita Thakur, i/b. Mr. Suresh Kumar for Appellant. Ms. Renita Alex, a/w Ms. M. Bhosale i/b. India Law Alliance for Respondent.

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

DATED : 16 October 2025 P.C.:- 1.

The learned counsel for the Appellant, on instructions, seeks leave to withdraw the Appeal on the ground of low tax effect.

2.

Accordingly, we dispose of both this Appeal by leaving the questions of law open. However, if the Appellant find that the tax effect is greater than Rs.2 Crores or the Appeal fall within the excepted categories, the Appellant will have liberty to apply for restoration/revival. This is provided applications for restoration/revival are made within reasonable time i.e. on or before 31 January 2026. 3.

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

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