In Itxa/1515/2012 Of The Commissioner Of Income Tax - 2 v. M/S. D.p.world Pvt.ltd, the High Court (2017) decided the matter.
Decision: 3 The Appeals are disposed of as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDITION
INCOME TAX APPEAL NO.1515 OF 2012WITHINCOME TAX APPEAL NO.1516 OF 2012
The Commissioner of Income Tax-2, Mumbai ...AppellantV/s.M/s.D.P.World Pvt. Ltd. ...Respondent
.....
Mr.Chandrajeet Chanderpal, Advocate for the Appellant.
Mr.Jas Sanghavi I/by PDS legal, Advocate for the Respondent.
....
CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ.
DATED :12[th] July 2017.
P.C.
1Mr.Chanderpal, the learned counsel submits that theseAppeals are for the Assessment year 2006-07 and 2007-08. Inboth these appeals, the tax effect is less than Rs.20 Lakhs.
2In light of the above and in view of the CBDT CircularNo.21/2015 dated 10/12/2015, the Department has taken policydecision not to prosecute the appeals where the tax effect is lessthan Rs.20 Lakhs. The learned counsel for the Appellant seeksleave to withdraw the Appeal.
3
The Appeals are disposed of as withdrawn. No costs.
4Court fees as per rules be funded.
( A.M.BADAR J.)
( S.V.GANGAPURWALA J.)
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