In Income Tax Appeal v. M.s.sanklecha, Jj, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3In view of the above submission, the appeal is dismissed as not pressed.
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 JURISDICTION
INCOME TAX APPEAL NO.1286 OF 2016
Pr. Commissioner of Income Tax Central-3: Appellant.
versus
Satyapal Jain: Respondent.
...................
Mr. Suresh Kumar for the Appellant.Mr. Atul Jasani for the Respondent.
...................
CORAM : AKIL KURESHI &
M.S.SANKLECHA, JJ.
DATE : FEBRUARY 25, 2019.
P.C.:
1This Appeal under Section 260A of the Income Tax Act, 1961 (“the Act” for short) hasbeen filed challenging the order passed by the Income Tax Appellate Tribunal.
2The learned counsel appearing in support of the appeal, states that he has been
instructed to withdraw this appeal. This is for the reason that the tax effect involved in this
appeal is less than the threshold limit of Rs. 50 Lacs as provided in CBDT Circular No. 3 of
2018 dated 11.7.2018.
3In view of the above submission, the appeal is dismissed as not pressed.
4Refund of court fees as per rules.
[ M.S.SANKLECHA,J.]
[ AKIL KURESHI, J ]
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