Itxa/6129/2010 Of The Commissioner Of Income-Tax-7 v. M/S Swarnim Caplease Pvt Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 6129 OF 2010 The Commissioner of Income Tax v/s. M/s. Swarnim Caplease Services Pvt. Ltd. .. Appellant ..Respondent Mr. Suresh Kumar for the appellant Mr. Mayank Thosar I/b B.V. Jhaveri for the respondent P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 24[th] NOVEMBER, 2018. 1.This appeal challenges the order dated 11[th] April, 2005 passed by the Income Tax Appellate Tribunal. 2.Mr. Suresh Kumar, 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, Mr. Suresh Kumar has beeninstructed not to press the appeal as the tax effect involved in thepresent 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.)