Itxa/227/2019 Of Commissioner Of Income Tax (It)-4 v. Societe Generale

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO. 773 OF 2018 Commissioner of Income Tax v/s. Societe Generale .. Appellant .. Respondent Mr. Tejinder Singh for the appellant None for the respondent P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 18[th] DECEMBER, 2018. 1.This appeal challenges the order passed by the Income TaxAppellate Tribunal. 2.Learned Counsel appearing in support of the appeal invites ourattention to the Circular No.3/2018 dated 11[th] July, 2018 issued by theCentral Board of Direct Taxes which inter alia directs the Revenue notto press the pending appeals where the tax effect is less than Rs.50lakhs. 3.In view of the above Circular, learned Counsel for the Revenuehas been instructed not to press the appeal as the tax effect involved inthe present 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.)