Itxa/944/2016 Of Principal Commissioner Of Income Tax-10 Mumbai v. Marks Shipping Pvt Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 301 OF 2013 The Pr. Commissioner of Income Tax,Central-IV v/s. Anuj Jitendra Mehta .. Petitioner .. Respondent WITH INCOME TAX APPEAL NO. 343 OF 2013 The Commissioner of Income Tax, Central-IVMumbai v/s. Rohan J. Mehta .. Petitioner .. Respondent WITH INCOME TAX APPEAL NO. 546 OF 2015 The Pr. Commissioner of Income Tax-15Mumbai v/s. M/s. Lily Jewellery Pvt. Ltd. .. Petitioner .. Respondent INCOME TAX APPEAL NO. 939 OF 2016WITH INCOME TAX APPEAL NO. 944 of 2016 The Pr. Commissioner of Income Tax-10Mumbai v/s. Marks Shipping Pvt. Ltd. .. Petitioner .. Respondent Mr. Arvind Pinto for the appellant Mr. Anuj J. Mehta for respondent in ITXA 301/13 Mr. Atul Jasani for the respondent in ITXA 343/13 CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 3[rd] DECEMBER, 2018. 1.These appeals challenge the orders passed by the Income TaxAppellate Tribunal. 2.Mr. Pinto, learned Counsel appearing in support of the appealsinvites 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 appeals as the tax effect involved in the present appeals isless than the threshold limits of Rs.50 lakhs. 4.Accordingly, all the five appeals are dismissed as not pressed. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)