Itxa/1078/2009 Of The Commissioner Of Income Tax Vii, Mumbai v. Sandoz Pvt. Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1078 OF 2009 The Commissioner of Income Tax v/s. Sandoz Pvt. Ltd. .. Appellant ..Respondent Mr. Suresh Kumar for the appellant Mr. B.D. Damodar I/b Kanga & Co. for the respondent P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 24[th] NOVEMBER, 2018. 1.This appeal challenges the order dated 29[th] May, 2007 passed by the Income Tax Appellate Tribunal. 2.Mr. Suresh Kumar, learned Counsel appearing in support of theappeal invites our attention to the Circular No.3/2008 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. Suresh Kumar 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. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)