Commissioner Of Income Tax v. Camco Colour

: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.988 OF 2000 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.988 OF 2000 The Director of Income Tax (Exemptions), 6th floor, Piramal Chambers, Parel, Mumbai- 400 012 ...Appellant. V/s. Subhash Nagar Education Society, Subhash Nagar,Chembur, Mumbai- 400 071 ...Respondents. Dr.P.Daniel for the Appellant. None for the Respondent. CORAM: S.RADHAKRISHNAN & CORAM: S.RADHAKRISHNAN & J.H.BHATIA, JJ. DATE : 27th June, 2005. J.H.BHATIA, JJ. DATE : 27th June, 2005. P.C.: P.C.: 1. Heard the learned counsel for the Applicant. Perused the assessment order. 2. The claim involved in the above Application is less than Rs.2 Lakhs. We have also perused the judgment of the Division Bench of this Court in the case of Commissioner of Income Tax v. Camco Colour Co., reported in (2002) 254 ITR 565 (Bom.). In view of the policy decision taken by Central Board of Direct Taxes ("CBDT" for short) vide Circular F.No. 279/126/98-ITJ : 2 : dated 27/3/2000 wherein the Revenue has decided not to file any Appeal or Reference, if the tax liability is less than Rs.2 Lakhs. 3. As in the present case, the tax liability is less than Rs.2 Lakhs, we dismiss the above Application. (S.RADHAKRISHNAN,J.) (S.RADHAKRISHNAN,J.) (J.H.BHATIA, J.) (J.H.BHATIA, J.)