Director Of Income Tax (International Taxation v. Joint Stock Company Zangas

IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 115 of 2012 ==========================================================DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION) VersusJOINT STOCK COMPANY ZANGAS ========================================================== Appearance:MR.VARUN K.PATEL(3802) for the Appellant(s) No. 1MR MANISH J SHAH(1320) for the Opponent(s) No. 1MR NITIN K MEHTA(3286) for the Opponent(s) No. 1 ========================================================== CORAM: HONOURABLE MR. JUSTICE J.B.PARDIWALA andHONOURABLE MR. JUSTICE ILESH J. VORA Date : 24/12/2020 ORAL ORDER (PER : HONOURABLE MR. JUSTICE J.B.PARDIWALA) 1.The Registry has notified the appeal for the purpose of passingan appropriate order. The captioned appeal has been notifiedbecause of the low tax effect. The appeal is to be disposed ofkeeping in mind the Circular No.17/2019, dated 8thAugust,2019 issued by the Government of India,Ministry of Finance,Department of Revenue, Central Board Direct Taxes, New Delhi. 2.This tax appeal is not pressed in view of the low tax effecthaving regard to the Circular No.17/2019, dated 8th August,2019 issued by the Government of India, Ministry of Finance,Department of Revenue, Central Board Direct Taxes, New Delhi. 3.According to the new policy as reflected from the Circularreferred to above, the table for monetary limits is as follows: C/TAXAP/115/2012 ORDER 4In view of the aforesaid, the appeal is disposed ofaccordingly. In case of any difficulty, we reserve the liberty forthe Revenue to revive the tax appeal. (J. B. PARDIWALA, J) A. B. VAGHELA / chandresh (ILESH J. VORA,J)