Itxa/1955/2018 Of Principal Commissioner Of Income Tax, 33, Mumbai v. Xerxes K Rao

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1955 OF 2018 Pr. Commissioner of Income Tax-33 v/s. Xerxes K. Rao .. Appellant .. Respondent Mr. Arvind Pinto for the appellant Ms. Aasifa Khan for the respondent P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 11[th] DECEMBER, 2018. 1.This appeal challenges the order dated 3[rd] January, 2017 passedby the Income Tax Appellate Tribunal. 2.Mr. Pinto, learned Counsel appearing in support of the appealinvites our attention to the Circular No.3/2008 dated 11[th] July, 2018issued by the Central Board of Direct Taxes which inter alia directs theRevenue not to press the pending appeals where the tax effect is lessthan Rs.50 lakhs. 3.In view of the above Circular, Ms. Pinto has been instructed notto press the appeal as the tax effect involved in the present appeal isless than the threshold limits of Rs.50 lakhs. 4.Accordingly, the appeal is dismissed as not pressed. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)