The Principal Commissioner Of Income Tax 42 Mumbai v. Kalpesh C Shah Ay 2023-13

15.itxa.677.24.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 677 OF 2024 The Principal Commissioner of Income Tax- 42 MUMBAI .. Appellant

Versus

Kalpesh Shah .. Respondent Ms. Swapna Gokhale, Advocates for the Appellant. CORAM: B. P. COLABAWALLA & Digitally signed by ANJALI TUSHAR ASWALE Date:

2025.08.05 12:43:48 +0530 ANJALI TUSHAR ASWALE FIRDOSH P. POONIWALLA, JJ.

DATE:

AUGUST 4, 2025 P. C.

1.

The learned counsel appearing on behalf of the Revenue states that she has instructions to withdraw the above Appeal because the tax effect is below the monetary limits as set out in the Circular of the CBDT dated 17th September 2024.

2.

In light of the aforesaid statement, the above Appeal is disposed of as withdrawn. No order as to costs.

3.

The Appellant would be entitled to refund of Court Fees, if any, as per Rules.

AUGUST 4, 2025 Aswale

15.itxa.677.24.doc 4.

It is needless to clarify that the questions of law as projected in the above Appeal are kept open to be adjudicated in an appropriate case. 5.

This order will be digitally signed by the Private Secretary/ Personal Assistant of this Court. All concerned will act on production by fax [FIRDOSH P. POONIWALLA, J.] [B. P. COLABAWALLA, J.] AUGUST 4, 2025 Aswale