Itxa/108/2016 Of The Pr. Commissioner Of Income Tax-5 v. Keihin Fie Private Limited

Uday S. Jagtap THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 108 OF 2016 The Pr. Commissioner of Income Tax-5Mumbai .. Appellant v/s. Keihin Fie Pvt. Ltd. ..Respondent Mr. Suresh Kumar for the appellant Ms. Anita Irni I/b Kanga & Co. for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J. P.C. DATED : 14[th] AUGUST, 2018. 1.This Appeal relates to Assessment Year 2007-08. 2.Mr. Suresh Kumar, learned Counsel appearing for the Revenueinvited our attention to Circular No.3 of 2018 dated 11[th] July, 2018issued by the Central Board for Direct Tax (CBDT). The aboveCircular directs the Officers of the Revenue not to file appeals to theHigh Court where the tax effect does not exceed Rs.50 lakhs. It alsodirects its Officers to withdraw / not press its pending appeals wherethe tax effect is less than Rs.50 lakhs. This, of course, if it does not fallin the excluded class of appeals listed therein. 3.Our attention is invited to para 9 of the Appeal Memo, whichindicates that in this Appeal, the tax effect is Rs. 9.47 lakhs. 4.In view of the Circular No.3 of 2018 dated 11[th] July, 2018 issuedby the CBDT, Mr. Suresh Kumar, learned Counsel appearing for theRevenue, on instructions from Mr. S.S. Rana, Pr. Commissioner ofIncome Tax-5, Pune does not press the present Appeal. 5.Accordingly, Appeal dismissed, as withdrawn. 6.Refund of Court Fees, if any, as per Rules. (SANDEEP K. SHINDE J.) (M.S. SANKLECHA, J.)