Itxa/1983/2017 Of The Pr.commissioner Of Income Tax-6 v. Subhash Deshmukh And Company
High Court
23 Jan 2020 In favour of: Assessee
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Itxa/1983/2017 Of The Pr.commissioner Of Income Tax-6 v. Subhash Deshmukh And Company
Date of order
23 Jan 2020
Assessment year(s)
2008-09
Outcome
Dismissed
Case summary
In Itxa/1983/2017 Of The Pr.commissioner Of Income Tax-6 v. Subhash Deshmukh And Company, the High Court (2020) dismissed the appeal. The decision went in favour of the assessee.
Decision: 5.In the light of the above, the present appeal is dismissed aswithdrawn in terms of the above Circular.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
Sonali Kilaje
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 1983 OF 2017
The Pr. Commissioner of Income Tax-6, Pune
..
Appellant
v/s.
Subhash Deshmukh & Company
..
Respondent
Mr.Tejveer Singh for Appellant.
CORAM: UJJAL BHUYAN, &
MILIND N. JADHAV, JJ.
P. C.:-
DATE : JANUARY 23, 2020.
1.Heard Mr. Tejveer Singh, 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 dated31.08.2016 passed by the Income Tax Appellate Tribunal, PuneBench “A”, Pune in ITA No.835/PN/2014 for the assessment year2008-09.
3.Mr.Tejveer, learned standing counsel fairly submits that thedisputed tax affect in this appeal is Rs.21,15,000/-. 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, if the tax effect is less than Rs.1 Crore, theDepartment will not file appeal before the High Court and if appealhas been filed the same would stand withdrawn, subject to theconditions mentioned in the Circular.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.)
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