Itxa/737/2011 Of The Commissioner Of Income Tax -I Pune v. Bharat Forge Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 2750 OF 2009 WITHINCOME TAX APPEAL NO. 4397 OF 2010WITH INCOME TAX APPEAL NO. 737 OF 2011 The Commissioner of Income Tax-I.. Appellant Pune Bharat Forge Ltd., Pune .. Respondent Mr. Suresh Kumar for the appellant Mr. Mihir Naniwadekar for the respondent CORAM : M.S. SANKLECHA & B.P. COLABAWALLA, J.J. P.C. DATED : 23[rd] FEBRUARY, 2016. 1.These appeals under Section 260A of the Income Tax Act, 1961 (the Act) challenge a common order dated 31[st] October, 2010 passed by the Income Tax Appellate Tribunal (the Tribunal). The appeals relate to Assessment Years 1997-98, 1998-99 and 1999-2000 respectively. 2.Mr. Suresh Kumar, learned Counsel for the Revenue very fairly states that in all the three appeals, arising from the common impugned order, the tax effect is less than Rs.20 lakhs. It is further stated that the Central Board of Direct Tax Circular No.21/2015 dated 10[th ] December, 2015, has directed the Revenue not to press appeals where the tax effect is less than Rs.20 lakhs. 3.In view of the above, Mr. Suresh Kumar states that he does not press all the three appeals arising from the common impugned order dated 31[st] October, 2010. 4.Accordingly, all the three appeals are dismissed as not pressed. Refund of Court fees as per Rules. (B.P. COLABAWALLA, J.) (M.S. SANKLECHA, J.)