Itxa/107/2016 Of The Pr. Commissioner Of Income Tax-Pune 5 v. Seven Star Electronics Pvt. Ltd
High Court
07 Aug 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/107/2016 Of The Pr. Commissioner Of Income Tax-Pune 5 v. Seven Star Electronics Pvt. Ltd
Date of order
07 Aug 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/107/2016 Of The Pr. Commissioner Of Income Tax-Pune 5 v. Seven Star Electronics Pvt. Ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, Appeal is dismissed as 5.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
Rane
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 107 OF 2016
The Pr. Commissioner of IncomeTax-Pune-5
V/s.Seven Star Electrodes Pvt. Ltd.
….Appellant
….Respondent
* * * *
Ms. Swapna Gokhale I/by. Mr. Suresh Kumar, Advocate for the appellant.
-CORAM : M.S. SANKLECHA, &
SANDEEP K. SHINDE, JJ.
TUESDAY, 7TH AUGUST, 2018.
P.C. :
1. This Appeal relates to Assessment Year
2007-08.
2. Ms. Gokhale, Learned Counsel appearing forthe Revenue invited our attention to Circular No.3 of
2018 dated 11[th] July, 2018 issued by the Central Boardfor Direct Tax (CBDT). The above Circular directs the
Rane
ITXA-107-2016 (SR.42)7.8.2018
Officers of the Revenue not to file appeals to the HighCourt where the tax effect does not exceed Rs.50 lakhs.It also directs its Officers to withdraw/not press itspending appeals where the tax effect is less than Rs.50lakhs. This, of course, if it does not fall in the excludedclass of appeals listed therein.
3. In view of the Circular No.3 of 2018 dated11[th] July, 2018 issued by the CBDT, Ms. Gokhale,Learned Counsel appearing for the Revenue, oninstructions of Mr. S.S. Rane, Commissioner of Income-Tax-5, seeks to withdraw this Appeal.
4. withdrawn.
Accordingly, Appeal is dismissed as
5. Refund of court-fees as per Rules.
(SANDEEP K. SHINDE, J) (M.S. SANKLECHA, J)NeetaDigitally signedby NeetaShaileshShailesh SawantDate:Sawant2018.08.0912:14:39 +0530
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