In Itxa/967/2012 Of Director Of Income Tax - (It)-Ii v. M/S. Bechtel International Inc, 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Decision: 3The Appeal is disposed of as withdrawn.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.967 OF 2012
The Director of Income-Tax (International Taxation)-II...AppellantV/s.M/s.Bichtel International Inc.C/o.KPMG...Respondent
.....
MR.Tejveer Singh, Advocate for the Appellant.Mr.Rohan Deshpande i/by Mihir Naniwadekar, Advocate for theRespondent.
....
CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ.
DATED :24[th] July 2017.
P.C.
1The present Appeal is for the Assessment year 2008-09.In this Appeal, the tax effect is less than Rs.20 Lakhs.
2In light of the above and in view of the CBDT Circular
No.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3The Appeal is disposed of as withdrawn.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.)
Gaikwad RD
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