Itxa/1252/2007 Of The Commissioner Of Income Tax, City-18, Mumbai v. M/S. Atlantic Corpn
High Court
14 Jun 2017 In favour of: Unclear
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Itxa/1252/2007 Of The Commissioner Of Income Tax, City-18, Mumbai v. M/S. Atlantic Corpn
Date of order
14 Jun 2017
Assessment year(s)
1995-96
Outcome
Other
Case summary
In Itxa/1252/2007 Of The Commissioner Of Income Tax, City-18, Mumbai v. M/S. Atlantic Corpn, the High Court (2017) decided the matter.
Decision: 4.The appeal stands disposed of as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO. 1252 OF 2007
Commissioner of Income Tax
v/s.
M/s. Atlantic Corporation
.. Appellant
.. Respondent
Mr. Suresh Kumar for the appellant
P.C.
CORAM : S.V. GANGAPURWALA & G.S. KULKARNI, J.J.
DATED : 14[th] JUNE, 2017
1.This appeal relates to Assessment Year 1995-96.
2.The learned Counsel for the appellant submits that the tax effect involved in the present appeal is less than Rs.20 lakhs and as
per the CBDT Circular No.21 of 2015 dated 10[th] December, 2015, the department has taken a policy decision not to prosecute the appeals wherein the tax effect is less than Rs.20 lakhs.
3.In view of the above, the learned Counsel for the appellant seeks leave to withdraw the appeal.
4.The appeal stands disposed of as withdrawn. No costs.
5.The Court Fees as per Rules, be refunded.
(G.S. KULKARNI, J.)
(S.V. GANGAPURWALA, J.)
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