Itxa/1055/2016 Of Commissioner Of Income Tax (It)-2 v. Dhun Jehan Contractor

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1055 OF 2016 Commissioner of Income Tax-2 v/s. M/s. Dhun Jehan Contractor .. Appellant .. Respondent WITH CROSS OBJECTION NO. 17 OF 2016 IN INCOME TAX APPEAL NO. 1055 OF 2016 M/s. Dhun Jehan Contractor .. Appellant v/s. Commissioner of Income Tax-2.. Respondent Mr. Tejveer Singh for the appellant Mr. Jignesh Shah for the respondent in ITXA 1055/16 and for theappellant in CROL 17/16 P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 14[th] DECEMBER, 2018. 1.This appeal challenges the order dated 13[th] May, 2015 passed bythe Income Tax Appellate Tribunal. 2.Mr. Tejveer Singh, learned Counsel appearing in support of theappeal invites our attention to the Circular No.3/2018 dated 11[th] July,2018 issued by the Central Board of Direct Taxes which inter aliadirects the Revenue not to press the pending appeals where the taxeffect is less than Rs.50 lakhs. 3.In view of the above Circular, Mr. Tejveer Singh has beeninstructed not to press the appeal as the tax effect involved in thepresent appeal is less than the threshold limits of Rs.50 lakhs. 4.Accordingly, the appeal is dismissed as not pressed. Refund ofCourt Fees as per Rules. 5.Mr. Shah, learned Counsel appearing for the applicant in CrossObjection states that in view of the withdrawal of the appeal, the crossobjection is also not being pressed. Therefore, the cross objection isalso dismissed as infructuous. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)