In Itxa/2476/2011 Of The Commissioner Of Income Tax - 8 v. Godfrey Philips India Ltd, the High Court (2017) decided the matter.
Decision: 3The Appeal is disposed of as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDITION
INCOME TAX APPEAL NO.2476 OF 2011
The Commissioner of Income-Tax-8...Appellant
V/s.Godfrey Philips India Limited...Respondent
.....
MR.Arvind Pinto, Advocate for the Appellant.
....
CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ.
DATED :24[th] July 2017.
P.C.
1The present Appeal is for the Assessment year 2004-05.In this Appeal, the tax effect is less than Rs.20 Lakhs.
2In light of the above and in view of the CBDT CircularNo.21/2015 dated 10/12/2015, the Department has taken policydecision not to prosecute the appeals where the tax effect is lessthan Rs.20 Lakhs. The learned counsel for the Appellant seeksleave to withdraw the Appeal.
3The Appeal is disposed of as withdrawn. No costs.4Court fees as per rules be refunded.
( A.M.BADAR J.)
( S.V.GANGAPURWALA J.)
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