Income Tax Appeal v. In The Light Of Circular

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.429 OF 2012 The Director of Income Tax (IT) -1, 107, Scindia House,N.M. Road, Ballard Estate,Mumbai-400 038.…Appellant Versus M/s Dredging International N.V. C/o. PWC Pvt. Ltd. CAs,PWC House, Plot 18A,Guru Nanak Road,Bandra (West), Mumbai-50.PAN : …Respondent Respondent *** Mr. Arvind Pinto for the Appellant. Mr. Atul K. Jasani for the Respondent. ***CORAM :DHIRAJ SINGH THAKUR &ABHAY AHUJA, JJ. P. C. : DATE : 4 AUGUST 2022 .Learned Counsel appearing for the Appellant states that the taxeffect in the present Appeal is below the limit stipulated in terms ofCircular No.17 of 2019 dated 8 August 2019. It is stated that noinstructions have been received from the Department to withdraw thepresent Appeal. 2In the light of Circular No.17 of 2019, the Appeal is disposed of asinvolving low tax effect. 3However, we observe that in case, the Revenue finds for some Chittewan reason that the Appeal was not supposed to have been withdrawn in thelight of the Circular, it would be open to the Revenue to file an applicationseeking restoration of the Appeal to be decided on its own merits. Refundof Court-fees as per rules. (ABHAY AHUJA, J.) (DHIRAJ SINGH THAKUR, J.) RAJESHDigitally signed byRAJESH VASANTVASANTCHITTEWANCHITTEWANDate: 2022.08.0512:39:17 +0530