Itxa/914/2008 Of The Commissioner Of Income Tax-3, Mumbai v. M/S Elite Agencies Pvt. Ltd

Uday S. Jagtap THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 914 OF 2008 The Commissioner of Income Tax-3 .. Appellant v/s. M/s. Elite Agencies Pvt. Ltd. ..Respondent Mr. Suresh Kumar for the appellant None for the respondent CORAM : M.S. SANKLECHA & SANDEEP K. SHINDE, J.J. DATED : 9[th] AUGUST, 2018. P.C. 1.This Appeal relates to Assessment Year 1998-99. 2.Mr. Suresh Kumar, learned Counsel appearing for the Revenueinvited our attention to Circular No.3 of 2018 dated 11[th] July, 2018issued by the Central Board for Direct Tax (CBDT). The aboveCircular directs the Officers of the Revenue not to file appeals to theHigh Court where the tax effect does not exceed Rs.50 lakhs. It alsodirects its Officers to withdraw / not press its pending appeals wherethe tax effect is less than Rs.50 lakhs. This, of course, if it does not fallin the excluded class of appeals listed therein. 3.Our attention is invited to para 14 of the Appeal Memo, whichDigitallysigned byUdayUday Shivajiindicates that in this Appeal, the tax effect is Rs. 44 lakhs. JagtapShivajiDate:2018.08.13Jagtap10:53:47+0530 4.In view of the Circular No.3 of 2018 dated 11[th] July, 2018 issuedby the CBDT, Mr. Suresh Kumar, learned Counsel appearing for theRevenue, on instructions from Mr. P. Satish Reddy, ACIT, does notpress the present Appeal. 5.Accordingly, Appeal dismissed, as withdrawn. 6.Refund of Court Fees, if any, as per Rules. (SANDEEP K. SHINDE J.) (M.S. SANKLECHA, J.)