Nma/723/2018 Of The Pr. Commmissioner Of Income Tax - 4 v. Tata Ficosa Automotive Systems Limited

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO. 723 OF 2018ININCOME TAX APPEAL (L) NO.1484 OF 2017 The Pr. Commissioner of Income Tax-4 .. Applicant In the matter between The Pr. Commissioner of Income Tax-4 .. Appellant v/s. Tata Ficosa Automotive Systems Ltd. .. Respondent Mr. Sham Walve for the applicant / orig. appellantMr. Atul Jasani for the respondent CORAM : AKIL KURESHI & M.S. SANKLECHA, J.J. P.C. DATED : 12[th] DECEMBER, 2018. 1.This application is to set aside the order dated 12[th] April, 2018passed by the Prothonotary and Senior Master, rejecting the petitioner'sappeal under Rule 986 of the Bombay High Court (Original Side) Rules. 2.Mr. Walve, learned Counsel appearing for the Revenue, oninstructions, seeks to withdraw this motion as the tax effect involved inthe accompanying appeal is less than Rs.50 lakhs. Thus, being below the threshold limit, provided in Circular No.3/2018 dated 11[th] July, 2018 issued by the Central Board of Direct Taxes which inter aliadirects the Revenue not to file fresh appeals or press the pendingappeals in the High Court where the tax effect is less than Rs.50 lakhs. 3.In the above view, Notice of Motion is dismissed as withdrawn. 4.The appeal in which this motion has been taken out alreadystands rejected by order dated 12[th] April, 2018 of the Prothonotary andSenior Master. Thus, nothing survives in this count. (M.S. SANKLECHA, J.) (AKIL KURESHI, J.)