Itxa/519/2016 Of Pr. Commissioner Of Income Tax , Central -2 v. Shri Dixant Sharma

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 519 OF 2016 Pr. Commissioner of Income Tax, Central-2, Mumbai .. Appellant v/s. Shri. Dixant Sharma ..Respondent Mr. A.R. Malhotra for the appellant Mr. A.K. Jasani for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 24[th] NOVEMBER, 2018. 1.This appeal challenges the order dated 13[th] March, 2015 passedby the Income Tax Appellate Tribunal for Assessment Year 2006-07. 2.Mr. Malhotra, 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. Malhotra 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.)