Commissioner Of Income Tax v. Camco Colour Co.,Reported In (2002) 254 Itr 565 (Bom.). In View Of The

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION Wealth Tax Appeal No. 71 of 1999 The Commissioner of Wealth Tax, Mumbai .. Appellant V/s. M/s. Godrej Properties & Investments Ltd... Respondent Dr. P. Daniel for the Appellant Mr. Jitendra Jain i/b. M/s. R.M.G. Law Association for the Respondent CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & J.H. BHATIA, JJ. DATED : 04.07.2005. J.H. BHATIA, JJ. DATED : 04.07.2005. P.C.:- P.C.:- 1. Heard the learned counsel for the Appellant and the Respondent. Perused the Assessment order. The tax liability involved in the above is Rs. 16,770/-. 2. The claim involved in the above Appeal 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 reported in (2002) 254 ITR 565 (Bom.) policy decision taken by Central Board of Direct Taxes ("CBDT" for short) vide Circular F. No. 279/126/98-ITJ 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 Appeal. (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (J.H. BHATIA, J.) (J.H. BHATIA, J.)