Itxa/440/2016 Of Principal Commissioner Of Income Tax 25 v. M/S.global Energy Food Industries

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.440 OF 2016 The Pr. Commissioner of Income Tax-25 .. Appellant v/s. M/s. Global Energy Food Industries .. Respondent Ms. S.V. Bharucha for the appellant None for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 3[rd] DECEMBER, 2018. 1.This appeal challenges the order dated 4[th] March, 2015 passed bythe Income Tax Appellate Tribunal. 2.Ms. Bharucha, learned Counsel appearing in support of theappeal invites our attention to the Circular No.3/2008 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, Ms. Bharucha has been instructed not to press the appeal as the tax effect involved in the 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.)