Ms. Smita v. Dated : 3[Rd] December, 2018

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1221 OF 2013 The Commissioner of Income Tax-4Mumbai .. Petitioner v/s. M/s. Premshree Gems Pvt. Ltd. .. Respondent WITH INCOME TAX APPEAL NO. 1252 OF 2013 The Commissioner of Income Tax-4Mumbai .. Petitioner v/s. M/s. Money Care Securities & Financial Services Ltd. .. RespondentWITHINCOME TAX APPEAL NO. 1256 OF 2013The Commissioner of Income Tax-4Mumbai .. Petitioner v/s. M/s. Premsudha Exports Pvt. Ltd. .. Respondent WITHINCOME TAX APPEAL NO. 1234 OF 2014The Commissioner of Income Tax-4Mumbai .. Petitioner v/s. M/s. Parag Parikh Financial Advisory ServicesLtd. .. Respondent WITHINCOME TAX APPEAL NO. 1383 OF 2014WITHINCOME TAX APPEAL NO. 1389 OF 2014 The Commissioner of Income Tax-4Mumbai v/s. M/s. Padmakshi Financial Services Ltd. .. Petitioner .. Respondent WITH INCOME TAX APPEAL NO. 1225 OF 2016 The Pr.Commissioner of Income Tax-4Mumbai v/s. Nandkishore & Co. .. Petitioner .. Respondent WITH INCOME TAX APPEAL NO. 1329 OF 2016 The Pr.Commissioner of Income Tax-4Mumbai v/s. Praveenkumar B. Kothari .. Petitioner .. Respondent Ms. Smita V. Thakur I/b Suresh Kumar for the appellantMs. Laxmi Rungta I/b PDS Legal for the respondents in ITXA 1221/13Mr. J.R. Shah for the respondent in ITXA 1329/16Ms. Rutuja Pawara I/b S.C. Tiwari for respondent in ITXA 1226/16 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 Tax Appellate Tribunal. 2.Mr. Suresh Kumar, learned Counsel appearing in support of the appeals invites our attention to the Circular No.3/2008 dated 11[th] July,2018 issued by the Central Board of Direct Taxes which inter aliadirects the Revenue not to press the pending appeals where the taxeffect is less than Rs.50 lakhs. 3.In view of the above Circular, Mr. Suresh Kumar has beeninstructed not to press the appeals as the tax effect involved in thepresent appeals is less than the threshold limits of Rs.50 lakhs. 4.Accordingly, all eight appeals are dismissed as not pressed. 5.Refund of Court Fees as per Rules. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)