Itxa/42/2016 Of Pr. Commissioner Of Income Tax-5 v. M/S. Dhadda Diamonds P. Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDITION INCOME TAX APPEAL NO.39 OF 2016WITHINCOME TAX APPEAL NO.49 OF 2016WITHINCOME TAX APPEAL NO.42 OF 2016 Principal Commissioner of Income-Tax-5…AppellantV/s.M/s.Dhadda Diamonds Pvt. Ltd. …Respondent ..... Mr.Suresh Kumar a/w. Ms.Samiksha Kanani, Advocate for the Appellant.Mr.Atul K.Jasani, Advocate for the Respondent. .... CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ. DATED :28[th] July 2017. P.C. 1These Appeals are for Assessment Years 2005-06,2007-08, 2008-09. The learned counsel for the Respondent statesthat the Appeal filed by the Revenue for Assessment Year 2006-07is already rejected for non-removal of office objection. In the saidAppeal also, the tax effect is less than Rs.20 Lakhs. In all theseAppeals, the tax effect is less than Rs.20 Lakhs. (908-910)ITXANo.39-42-492016 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 The learned counsel for the Appellant seeksleave to withdraw the Appeal. 3The Appeals are disposed of as withdrawn. No costs. 4Court fees as per rules be refunded. ( A.M.BADAR J.) ( S.V.GANGAPURWALA J.)