Itxa/1742/2014 Of Commissioner Of Income Tax- 11 v. M/S. K. S. Aiyar Andco

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO. 1728 OF 2014WITH INCOME TAX APPEAL NO. 1742 OF 2014 The Commissioner of Income Tax v/s. M/s. K.S. Aiyar & Co. .. Appellant ..Respondent Mr. Suresh Kumar for the appellant Mr. Jintendra Jain a/w Mr. V.Y. Bhate I/b PDS Legal for the respondent P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 24[th] NOVEMBER, 2018. 1.These appeals challenge order passed by the Income TaxAppellate Tribunal. 2.Mr. Suresh Kumar, learned Counsel appearing in support of theappeal invites our attention to the Circular No.3/2008 dated 11[th] July,2018 issued by the Central Board of Direct Taxes which inter aliadirects the Revenue not to press the pending appeals where the taxeffect is less than Rs.50 lakhs. 3.In view of the above Circular, Mr. Suresh Kumar has beeninstructed not to press the appeals as the tax effect involved in thepresent appeals is less than the threshold limits of Rs.50 lakhs. 4.Accordingly, both the appeals are dismissed as not pressed. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)