Itxa/772/2016 Of Principal Commissioner Of Income Tax 30, Mum v. Umakant B Agarwal
High Court
11 Dec 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/772/2016 Of Principal Commissioner Of Income Tax 30, Mum v. Umakant B Agarwal
Date of order
11 Dec 2018
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itxa/772/2016 Of Principal Commissioner Of Income Tax 30, Mum v. Umakant B Agarwal, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: 4.Accordingly, the appeal is dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.772 OF 2016
Pr. Commissioner of Income Tax-30
v/s.
Umakant B. Agarwal
.. Appellant
.. Respondent
Mr. Arvind Pinto for the appellant
Mr. Atul Jasani for the respondent
P.C.
CORAM : AKIL KURESHI &
M.S. SANKLECHA, J.J.
DATED : 11[th] DECEMBER, 2018.
1.This appeal challenges the order dated 18[th] February, 2015passed by the Income Tax Appellate Tribunal.
2.Mr. Pinto, 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. Pinto has been instructed notto press the appeal as the tax effect involved in the present appeal isless 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.)
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