Itxa/745/2016 Of The Pr. Commissioner Of Income Tax-1 v. Mahalaxmi Infraproject Pvt Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 745 OF 2016WITH INCOME TAX APPEAL NO. 746 OF 2016 The Commissioner of Income Tax-I .. Appellant v/s. Mahalaxmi Infraproject Pvt. Ltd... Respondent Mr. N.N. Singh for the appellant Ms. Alisha Pinto for the respondent P.C. CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. DATED : 21[st] JANUARY, 2019. 1.These appeals challenge the order passed by the Income TaxAppellate Tribunal. 2.Learned Counsel appearing in support of the appeal invites ourattention to the Circular No.3/2018 dated 11[th] July, 2018 issued by theCentral Board of Direct Taxes which inter alia directs the Revenue notto press the pending appeals where the tax effect is less than Rs.50lakhs. 3.In view of the above Circular, learned Counsel for the Revenuehas been instructed not to press the appeal as the tax effect involved inthe present appeals is less than the threshold limits of Rs.50 lakhs. 4.Accordingly, both the appeals are dismissed as not pressed. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)