Itxa/601/2015 Of The Principal Commissioner Of Income Tax-Central 4 v. Pujit R. Aggarwal

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 585 OF 2015 WITHINCOME TAX APPEAL NO. 601 OF 2015WITHINCOME TAX APPEAL NO. 654 OF 2015 The Principal Commissioner of Income Tax (Central)-4 .. Appellant v/s. Shri Pujit R. Aggarwal .. Respondent Mr. N.C. Mohanty for the appellant Mr. Kiran Jadhav for the respondent CORAM : S.V. GANGAPURWALA & A.M. BADAR, J.J. DATED : 1[st] AUGUST, 2017 P.C. 1.Mr. Mohanty, learned Counsel submits that the Tribunal has disposed of the appeals for seven assessment years by a common judgment. However, the Revenue has filed appeals only with regard to Assessment years 2008-09, 2009-10 and 2010-11 and has not filed any appeals for the earlier assessment years. 2.The learned Counsel for the appellant submits that the tax 585-15-ITXA-17-21-52-C=.doc effect involved in the present appeals is less than Rs.20 lakhs and as per the CBDT Circular No.21 of 2015 dated 10[th] December, 2015, the department has taken a policy decision not to prosecute the appeals wherein the tax effect is less than Rs.20 lakhs. 3.In view of the above, the learned Counsel for the appellant seeks leave to withdraw the appeals. 4.The appeals stand disposed of as withdrawn. No costs. 5.The Court Fees as per Rules, be refunded. (A.M. BADAR, J.) (S.V. GANGAPURWALA, J.)