Itxa/501/2004 Of The Commissioner Of Income-Tax,Tdc Mumbai v. M/S Su-Raj Diamonds (I) Mumbai

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARYORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.501 OF 2004 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY INCOME TAX APPEAL NO.501 OF 2004 The Commissioner of Income Tax ..Appellant. V/s. M/s.Su-Raj Diamonds (India) Ltd. ..Respondent. Mr.A.Kotangale i/b. Mr.Pankaj Kapoor for appellant. Mr.Atul K.Jasani for respondent. CORAM : DR. S.RADHAKRISHNAN AND J.P.DEVADHAR, JJ. CORAM : DR. S.RADHAKRISHNAN AND J.P.DEVADHAR, JJ. DATED : 8TH JANUARY, 2007. DATED : 8TH JANUARY, 2007. P.C. :- P.C. :- Heard learned counsel for the appellant and the learned counsel for the respondent. In view of the Circular issued by the Government of India, Ministry of Finance, Revenue Department dated 24/10/2005, we are not inclined to admit this appeal as the tax effect involved is less than Rs.2 lakhs. (DR.S.RADHAKRISHNAN, J.) (DR.S.RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)