Itxa/1307/2008 Of The Commissioner Of Income Tax-3, Mumbai v. M/S. Eurotex Industries And Exports Ltd., Mumbai

Uday S. Jagtap THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1307 OF 2008 The Commissioner of Income Tax-3 .. Appellant v/s. M/s. Eurotex Industries & Exports Ltd. ..Respondent Mr. Sham Walve for the appellant Mr. Pankaj R. Toprani for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J. DATED : 9[th] AUGUST, 2018. P.C. 1.This Appeal relates to Assessment Year 2001-02. 2.Mr. Walve, learned Counsel appearing for the Revenue invitedour attention to Circular No.3 of 2018 dated 11[th] July, 2018 issued bythe Central Board for Direct Tax (CBDT). The above Circular directsthe Officers of the Revenue not to file appeals to the High Court wherethe tax effect does not exceed Rs.50 lakhs. It also directs its Officers towithdraw / not press its pending appeals where the tax effect is lessthan Rs.50 lakhs. This, of course, if it does not fall in the excludedclass of appeals listed therein. Digitallysigned by3.UdayUday ShivajiJagtapShivajiDate:2018.08.13Jagtap10:53:50+0530UdayUday ShivajiJagtapShivajiDate:2018.08.13Jagtap10:53:50+0530 In view of the Circular No.3 of 2018 dated 11[th] July, 2018 issued by the CBDT, Mr. Walve, learned Counsel appearing for the Revenue,on instructions from Mr. P. Satish Reddy, ACIT, does not press thepresent Appeal. 4.Accordingly, Appeal dismissed, as withdrawn. 5.Refund of Court Fees, if any, as per Rules. (SANDEEP K. SHINDE J.) (M.S. SANKLECHA, J.)