Commissioner Of Income Tax Iii v. Heubach Colour Pvt Ltd

IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 701 of 2013 ==========================================================COMMISSIONER OF INCOME TAX III VersusHEUBACH COLOUR PVT LTD ========================================================== Appearance:MR.VARUN K.PATEL(3802) for the Appellant(s) No. 1MR MANISH J SHAH(1320) for the Opponent(s) No. 1 ========================================================== CORAM: HONOURABLE MS. JUSTICE SONIA GOKANI andHONOURABLE MR. JUSTICE HEMANT M. PRACHCHHAK Date : 20/10/2021 ORAL ORDER (PER : HONOURABLE MS. JUSTICE SONIA GOKANI) 1.The captioned appeal concerns the low tax effect. Theappeal is to be disposed of keeping in mind the CircularNo.17/2019, dated 8[th] August, 2019 issued by the Governmentof India, Ministry of Finance, Department of Revenue, CentralBoard Direct Taxes, New Delhi. 2. This tax appeal is not pressed in view of the low taxeffect having regard to the Circular No.17/2019, dated 8thAugust, 2019 issued by the Government of India, Ministry ofFinance, Department of Revenue, Central Board Direct Taxes,New Delhi. 3. According to the new policy as reflected from theCircular referred to above, the table for monetary limits is as follows: 4. Since the amount of penalty involved in the present appealis Rs. 30,76,080/-, in view of the aforesaid, the appeal isdisposed of accordingly. 5.In case of any difficulty, we reserve the liberty for theRevenue to revive the tax appeal. (SONIA GOKANI, J) Bhoomi (HEMANT M. PRACHCHHAK,J)