Itxa/1711/2017 Of Pr.commissioner Of Income Tax(Central),Nagpur v. Dilip D Jain

Sonali Kilaje IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1711 OF 2017 Pr. Commissioner of Income Tax (Central),Nagpur ..Appellant v/s. Dilip D. Jain ..Respondent Mr. Sham Walve a/w. Mr. Prietesh Chatterjee for Appellant. CORAM: UJJAL BHUYAN, & MILIND N. JADHAV, JJ. P. C.:- DATE : JANUARY 23, 2020. 1.Heard Mr. Sham Walve, learned standing counsel revenue forthe appellant. 2.This appeal under Section 260A of the Income Tax Act, 1961has been preferred by the revenue against the order dated14.12.2016 passed by the Income Tax Appellate Tribunal, PuneBench “A”, Pune in ITA No.1209/PN/2014 for the assessment year2006-07. 3.Mr.Walve, learned standing counsel fairly submits that thedisputed tax effect in this appeal is Rs.11,53,425/-. As per CircularNo.17 of 2019 of Government of India, Ministry of Finance,Department of Revenue, Central Board of Direct Taxes (CBDT) dated08.08.2019, the monetary limit for filing of appeal by theDepartment before the High Court has been enhanced to Rs.1 Crore. 4.In other words, no appeal will be filed by the Departmentbefore the High Court where the tax effect is less than Rs.1 Croreand in case appeal has been filed, the same would stand withdrawnsubject to the conditions mentioned in the said Circular. 5.In the light of the above, the present appeal is dismissed aswithdrawn in terms of the above Circular. 6.Court fee to be refunded as per rules. (MILIND N. JADHAV, J.) (UJJAL BHUYAN,J.)