Itxa/464/2012 Of The Commissioner Of Income Tax v. Rampra Steel Industries Pvt. Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 464 OF 2012 The Commissioner of Income Tax-7Mumbai .. Appellant v/s. Rampra Steel Industries Pvt. Ltd. ..Respondent Mr. Abhay Ahuja a/w Ms. Sangeeta Yadav for the appellant Mr. Ashok Patil for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 21[st] NOVEMBER, 2018. 1.This appeal challenges the order dated 7[th] September, 2009passed by the Income Tax Appellate Tribunal. 2.Mr. Ahuja, learned Counsel appearing in support of the appealinvites our attention to the Circular No.3/2008 dated 11[th] July, 2018issued by the Central Board of Direct Taxes which inter alia directs theRevenue not to press the pending appeals where the tax effect is lessthan Rs.50 lakhs. 3.In view of the above Circular, Mr. Ahuja has been instructed not to press the appeal as the tax effect involved in the present appeal isless 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.)