Pr Commissioner Of Income Tax Central 3 v. Nerka Chemicals Pvt Ltd

438-ITXA 518-24.DOC PRAJAKTA SAGAR VARTAK PRAJAKTA SAGAR VARTAK Date: 2024.10.19 16:43:07 +0530 Prajakta Vartak

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 518 OF 2024 Pr Commissioner of Income Tax Central 3 ...Appellant Vs.

M/s. Nerka Chemicals Private Limited ..Respondent _________ Ms. Swapna Gokhale for Appellant.

Ms. Vasanti Patel for Respondent.

__________

CORAM:

G. S. KULKARNI & FIRDOSH P. POONIWALLA, JJ.

DATE:

15 OCTOBER 2024.

P.C.

1.

Ms. Gokhale, learned counsel for the appellant/revenue fairly states that the revenue would withdraw the appeal in the light of the Circular dated 17 September, 2024 issued by the Central Board of Direct Taxes, considering that the tax effect involved in the present proceeding is Rs.1,71,54,230/-. The Assessment Year is 2015-16. 2.

In the event, the tax effect as involved is not within the parameters of the Circular dated 17 September, 2024, liberty to revive this appeal. 3.

Accordingly, allowed to be withdrawn with liberty. 4.

All questions of law are kept open.

5.

Disposed of.

6.

Refund of Court Fees as per rules.

(FIRDOSH P. POONIWALLA, J.) (G. S. KULKARNI, J.) 15 October 2024