Itxa/926/2017 Of Commissioner Of Income Tax - Ltu v. M/S Airline Financial Support Services (India) Ltd

Sonali Kilaje 9-ITXA-926-17.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 926 OF 2017 Commissioner of Income Tax - LTU v/s. M/s. Airline Financial Support Services (India) Ltd. .... Appellant Respondent Mr. Tejveer Singh for the Appellant. CORAM: UJJAL BHUYAN, & MILIND N. JADHAV, JJ. P. C.:- DATE : JANUARY 27, 2020. 1.Heard Mr. Tejveer Singh, learned standing counsel revenue forthe appellant. 2.This appeal under Section 260A of the Income Tax Act, 1961has been preferred by the revenue against the order dated31.05.2016 passed by the Income Tax Appellate Tribunal, “A” BenchMumbai in ITA Nos.2547 & 2549/Mum/2012 for the assessmentyears 2003-04 & 2001-02. 3.It is seen that the tax effect in the appeal is Rs.21,49,140/-. Inview of Circular No.17 of 2019 of Government of India, Ministry ofFinance, Department of Revenue, Central Board of Direct Taxes(CBDT) dated 08.08.2019, the monetary limit for filing of appeal bythe Department before the High Court has been enhanced to Rs.1Crore. 4.In other words, no appeal will be filed by the Departmentbefore the High Court where the tax effect is less than Rs.1 Croreand in case appeal has been filed, the same would stand withdrawnsubject to the conditions mentioned in the said Circular. 5.Mr. Singh, learned standing counsel revenue for the appellantsubmits that he has not received any instructions from thedepartment. 6.In the light of the above, the present appeal is dismissed aswithdrawn in terms of the above Circular. 7.Court fee to be refunded as per rules. (MILIND N. JADHAV, J.) (UJJAL BHUYAN,J.)