In Itxa/787/2015 Of Pr. Commissioner Of Income Tax Central-2 v. M/S. The Indian Hume Pipe Co.ltd, the High Court (2017) decided the matter.
Decision: 3The Appeal is disposed of as withdrawn.
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 JURISDITION
INCOME TAX APPEAL NO.787 OF 2015
Principal Commissioner of Income-Tax, Central-2 V/s.M/s.The Indian Hume Pipe Co. Ltd.
...Appellant
...Respondent
.....
Mr.Ashok Kotangle i/by Mrs.Padma Divakar, Advocate for theAppellant.Mr.Sameer Dala i/by Mr.Sudhakar G.Lakhani, Advocate for theRespondent.
....
CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ.
DATED :3[rd] August 2017.
P.C.
1The present Appeal is for the Assessment year 2010-11.In this Appeal, the tax effect is less than Rs.20 Lakhs.
2In light of the above and in view of the CBDT CircularNo.21/2015 dated 10/12/2015, the Department has taken policydecision not to prosecute the appeals where the tax effect is lessthan Rs.20 Lakhs. The learned counsel for the Appellant seeksleave to withdraw the Appeal.
3The Appeal is disposed of as withdrawn. No costs.
4Court fees as per rules be refunded.
( A.M.BADAR J.)
( S.V.GANGAPURWALA J.)
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