Itxa/850/2016 Of Pr. Commissioner Of Income Tax-19 v. Soli R Mistry

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.850 OF 2016 Pr. Commissioner of Income Tax-19 v/s. Shri Soli R. Mistry .. Appellant .. Respondent Ms. Padma Divakar for the appellant None 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 29[th] July, 2015 passed bythe Income Tax Appellate Tribunal. 2.Ms. Divakar, 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, Ms. Divakar has been instructednot to 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.)