In Dilipkumar v. Lakhi, the High Court (2017) decided the matter.
Decision: 4.The appeal stands disposed of as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO. 922 OF 2009
The Commissioner of Income Tax-XVI
v/s.
Dilipkumar V. Lakhi
.. Appellant
.. Respondent
Mr. Suresh Kumar for the appellantMs. Aarti Sathe for the respondent
P.C.
CORAM : S.V. GANGAPURWALA & G.S. KULKARNI, J.J.
DATED : 14[th] JUNE, 2017
1.This appeal relates to Assessment Year 2001-02.
2.The learned Counsel for the appellant submits that the tax effect involved in the present appeal is less than Rs.20 lakhs and as per the CBDT Circular No.21 of 2015 dated 10[th] December, 2015, the department has taken a policy decision not to prosecute the appeals wherein the tax effect is less than Rs.20 lakhs.
3.In view of the above, the learned Counsel for the appellant seeks leave to withdraw the appeal.
4.The appeal stands disposed of as withdrawn. No costs.
5.The Court Fees as per Rules, be refunded.
(G.S. KULKARNI, J.)
(S.V. GANGAPURWALA, J.)
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