Itxa/1971/2018 Of Pr Commissioner Of Income Tax-2 v. Perfect Engineering Associates Pvt. Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1971 OF 2018 Pr. Commissioner of Income Tax-2 .. Appellant v/s. Perfect Engineering Associates Pvt. Ltd. .. Respondent Mr. Suresh Kumar a/w Ms. Mohinee Chougule for the appellant None for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 11[th] DECEMBER, 2018. 1.This appeal challenges the 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.3/2018 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 appeal as the tax effect involved in thepresent appeal is less 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.)