Income Tax Appeal v. In The Light Of Circular

Chittewan IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.845 OF 2014 Commissioner of Income Tax,Aayakar Bhavan, M.K. Road,Mumbai-400 020…Appellant Versus Wallfort Financial Services Ltd.205, Gundecha Chambers,Nagindas Master Road, Fort,Mumbai-400 001.PAN : AAACWO617L…Respondent ***Mr. Suresh Kumar for the Appellant.Mr. Atul K. Jasani for the Respondent. *** CORAM : DHIRAJ SINGH THAKUR & KAMAL KHATA, JJ. P.C. DATE : 12 JANUARY 2023 .Mr. Suresh Kumar, learned Counsel appearing for theAppellant states that the tax effect in the present Appeal is belowthe limit stipulated in terms of Circular No.17 of 2019 dated 8August 2019. It is stated that no instructions have been receivedfrom the Department to withdraw the present Appeal. 2In the light of Circular No.17 of 2019, the Appeal is disposed ofas involving low tax effect. Chittewan 3However, we observe that in case, the Revenue fnds for somereason that the Appeal was not supposed to have been withdrawn inthe light of the Circular, it would be open to the Revenue to fle anapplication seeking restoration of the Appeal to be decided on itsown merits. Refund of Court-fees as per rules. (KAMAL KHATA, J.) (DHIRAJ SINGH THAKUR, J.) Digitally signed byRAJESHRAJESH VASANTVASANTCHITTEWANCHITTEWANDate: 2023.01.1411:33:36 +0530