Itxa/1315/2013 Of Director Of Income Tax (It) -Ii v. Platinum Investment Management Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 3512 OF 2009 Director of Income Tax v/s. Novartis A.G. Basle .. Appellant .. Respondent Mr. Suresh Kumar for the appellant None for the respondent WITHINCOME TAX APPEAL NO. 1657 OF 2012WITHINCOME TAX APPEAL NO. 13 OF 2013 Director of Income Tax v/s. Vijay Israni .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Vijay Israni a/w Ms. Rutuja Pawar I/b S.C. Tiwari WITH INCOME TAX APPEAL NO. 410 OF 2013 Director of Income Tax v/s. The Development Bank of Singapore Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Bharat Damodar I/b Kanga & Co. for the respondent WITH INCOME TAX APPEAL NO. 647 OF 2013 Director of Income Tax v/s. Deutsche Bank A.G. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Bharat Damodar I/b Kanga & Co. for the respondent WITHINCOME TAX APPEAL NO. 651 OF 2013 Director of Income Tax v/s. M/s. Daimler Chrysler AG .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Jas Sanghavi a/w Viraj Bhate I/b PDS Legal for the respondent WITH INCOME TAX APPEAL NO. 1051 OF 2013 Director of Income Tax v/s. M/s. Mizuho Corporate Bank Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITHINCOME TAX APPEAL NO. 1277 OF 2013WITHINCOME TAX APPEAL NO. 1087 OF 2011WITHINCOME TAX APPEAL NO. 1090 OF 2011 Director of Income Tax v/s. M/S. Daimler Chryster A.G. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Jas Sanghavi a/w Mr. Vijay Bhate I/b PDS Legal for the respondent WITHINCOME TAX APPEAL NO. 1283 OF 2013 Director of Income Tax v/s. Deutsche Bank A.G. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Jas Sanghavi a/w Mr. Vijay Bhate I/b PDS Legal for the respondent WITHINCOME TAX APPEAL NO. 1315 OF 2013 Director of Income Tax v/s. Platinum Investment Management Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Jas Sanghavi a/w Mr. Vijay Bhate I/b PDS Legal for the respondent WITH INCOME TAX APPEAL NO. 1876 OF 2013 Commissioner of Income Tax-5.. Appellant v/s. M/s. Hill Properties Ltd. .. Respondent Mr. Tejveer Singh for the appellant Mr. Ayush Agarwal I/b Crawford Bayley & Co. for the respondent WITH INCOME TAX APPEAL NO. 2041 OF 2013 Director of Income Tax v/s. Development Bank of Singapore Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Bharat Damodar I/b Kanga & Co. for the respondent WITHINCOME TAX APPEAL NO. 659 OF 2014 Director of Income Tax v/s. Oman International Bank S.A.O.G., .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Bharat Damodar I/b Kanga & Co. for the respondent WITH INCOME TAX APPEAL NO. 1588 OF 2014 Director of Income Tax .. Appellant v/s. Mckinsey and Co Singapore Ltd. .. Respondent Mr. Tejveer Singh for the appellant Mr. Divesh Chawla a/w Ms. Prachi Garg I/b DSK Legal for therespondent WITH INCOME TAX APPEAL NO. 1753 OF 2014 Director of Income Tax v/s. M/s. Mizuho Corporate Bank Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITH INCOME TAX APPEAL NO. 25 OF 2016 Commissioner of Income Tax v/s. H & R Johnson (Overseas) Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITHINCOME TAX APPEAL NO. 1078 OF 2016 Commissioner of Income Tax v/s. David Niegel Hardy .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Tejveer Singh for the appellant Mr. Divesh Chawla a/w Ms. Prachi Garg I/b DSK Legal for therespondent WITH INCOME TAX APPEAL NO. 1753 OF 2014 Director of Income Tax v/s. M/s. Mizuho Corporate Bank Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITH INCOME TAX APPEAL NO. 25 OF 2016 Commissioner of Income Tax v/s. H & R Johnson (Overseas) Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITHINCOME TAX APPEAL NO. 1078 OF 2016 Commissioner of Income Tax v/s. David Niegel Hardy .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITH INCOME TAX APPEAL NO. 1307 OF 2016 Pr. Commissioner of Income Tax v/s. M/s. Global Jewellery Pvt. Ltd. .. Appellant .. Respondent Mr. Tejveer Singh for the appellant Mr. Upendra Lokegaonkar I/b MINT & CONFRERES for the respondent WITH INCOME TAX APPEAL NO. 1323 OF 2016 Pr. Commissioner of Income Tax v/s. M/s. NYK Line (India) Ltd. .. Appellant .. Respondent Mr. Suresh Kumar for the appellant Mr. Atul Jasani for the respondent WITH INCOME TAX APPEAL NO. 377 OF 2018 Pr. Commissioner of Income Tax .. Appellant v/s. Patman and G Hospitality Pvt. Ltd. .. Respondent Mr. Suresh Kumar for the appellant Mr. S.J. Mehta & Ms. A. Vissanji for the respondent WITHINCOME TAX APPEAL NO. 405 OF 2018 Pr. Commissioner of Income Tax v/s. Arunkumar J. Muchhala .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. S.J. Mehta & Ms. A. Vissanji for the respondent WITH INCOME TAX APPEAL NO. 885 OF 2018 Pr. Commissioner of Income Tax v/s. Naprod Life Sciences Pvt. Ltd. .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. S.J. Mehta & Ms. A. Vissanji for the respondent WITH INCOME TAX APPEAL NO. 889 OF 2018 Pr. Commissioner of Income Tax v/s. Nenshi L. Shah .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. S.J. Mehta & Ms. A. Vissanji for the respondent WITH INCOME TAX APPEAL NO. 900 OF 2018 Pr. Commissioner of Income Tax v/s. SJR Commodities and Consultancies Pvt. Ltd. .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Atul Jasani for the respondent WITHINCOME TAX APPEAL NO. 1219 OF 2018 Pr. Commissioner of Income Tax v/s. Sukan Engineering Pvt. Ltd. .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Atul Jasani for the respondent WITH INCOME TAX APPEAL NO. 1219 OF 2018 Pr. Commissioner of Income Tax v/s. Sukan Engineering Pvt. Ltd. .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Atul Jasani for the respondent WITH INCOME TAX APPEAL NO. 1702 OF 2018 Pr. Commissioner of Income Tax v/s. Praxis Interactive services Pvt. Ltd. .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Atul Jasani for the respondent WITH INCOME TAX APPEAL NO. 1934 OF 2018 Pr. Commissioner of Income Tax v/s. Novartis India Ltd. .. Appellant .. Respondent Mr. Suresh Kumar for the appellant Mr. Bharat Damodar I/b Kanga & Co. for the respondent WITHINCOME TAX APPEAL NO. 2101 OF 2018 Pr. Commissioner of Income Tax .. Appellant v/s. Parle International Pvt. Ltd... Respondent Mr. Akhileshwar Sharma for the appellant Mr. Firoz Andhyarujina a/w Mr. Sameer Dalal for the respondent WITH INCOME TAX APPEAL NO. 2174 OF 2018 Pr. Commissioner of Income Tax .. Appellant v/s. Morgan Stanley Investment ManagementPvt. Ltd. .. Respondent Mr. Suresh Kumar for the appellant .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Atul Jasani for the respondent WITH INCOME TAX APPEAL NO. 1934 OF 2018 Pr. Commissioner of Income Tax v/s. Novartis India Ltd. .. Appellant .. Respondent Mr. Suresh Kumar for the appellant Mr. Bharat Damodar I/b Kanga & Co. for the respondent WITHINCOME TAX APPEAL NO. 2101 OF 2018 Pr. Commissioner of Income Tax .. Appellant v/s. Parle International Pvt. Ltd... Respondent Mr. Akhileshwar Sharma for the appellant Mr. Firoz Andhyarujina a/w Mr. Sameer Dalal for the respondent WITH INCOME TAX APPEAL NO. 2174 OF 2018 Pr. Commissioner of Income Tax .. Appellant v/s. Morgan Stanley Investment ManagementPvt. Ltd. .. Respondent Mr. Suresh Kumar for the appellant Mr. Anupam Dighe I/b India Law Alliance for the respondent WITH INCOME TAX APPEAL NO. 2508 OF 2018 Pr. Commissioner of Income Tax .. Appellant v/s. Umashankar P. Mishra .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Anupam Dighe I/b India Law Alliance for the respondent WITH INCOME TAX APPEAL NO. 2508 OF 2018 Pr. Commissioner of Income Tax v/s. Umashankar P. Mishra .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Mr. Anupam Dighe I/b India Law Alliance for the respondent WITHINCOME TAX APPEAL NO. 2845 OF 2018 Pr. Commissioner of Income Tax v/s. Stepan (India) Pvt. Ltd. .. Appellant .. Respondent WITHINCOME TAX APPEAL NO. 239 OF 2018 Pr. Commissioner of Income Tax v/s. Ashwin M. Savani .. Appellant .. Respondent Mr. Akhileshwar Sharma for the appellant Ms. Rupal Vora for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 14[th] DECEMBER, 2018. 1.These appeals challenge the orders passed by the Income TaxAppellate Tribunal. 2.Learned Counsel appearing in support of the appeals invites ourattention to the Circular No.3/2018 dated 11[th] July, 2018 issued by theCentral Board of Direct Taxes which inter alia directs the Revenue notto press the pending appeals where the tax effect is less than Rs.50lakhs. 3.In view of the above Circular, learned Counsel for the appellantappearing in respective appeals, have been instructed not to press theappeals as the tax effect involved in the present appeals is less than thethreshold limits of Rs.50 lakhs. 4.Accordingly, all appeals are dismissed as not pressed. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)