Pr. Commissioner Of Income Tax(Central) – 3 v. Mahamaya General Finance Co. Ltd

$~17 IN THE HIGH COURT OF DELHI AT NEW DELHI +ITA 875/2016 PR. COMMISSIONER OF INCOME TAX(CENTRAL) – 3 ..... Appellant Through:Mr.Zoheb Hossain, Sr. St. Counsel % versus MAHAMAYA GENERAL FINANCE CO. LTD. ..... RespondentThrough:Mr.Piyush Kaushik, Adv. CORAM:HON'BLE MR. JUSTICE SANJIV KHANNAHON'BLE MR. JUSTICE ANUP JAIRAM BHAMBHANIO R D E R12.12.2018 Learned counsel for the Revenue has handed-over copy of letter dated08.12.2018 received from the Principal Commissioner of Income Tax,Central Zone. It is accepted in the said letter that the tax effect in the presentappeal is below Rs.50 lakhs. Learned counsel for the appellant/revenue states that since tax effectin the present appeal is below Rs. 50 lakhs, the present appeal may bedisposed of without answering/examining the issue and question raised interms of the Circular No.3 of 2018 dated 11.07.2018. It may be clarified thatthe issue/question of law has been left open, with liberty to revive the appealif the matter is covered by an exception. Taking the statement on record, we dispose of the present appealwithout examining the question/issue raised, which is left open. Liberty isgranted to the Revenue to file an application for revival of the appeal in case it is found that the matter is covered by an exception. SANJIV KHANNA, J. DECEMBER 12, 2018neelam ANUP JAIRAM BHAMBHANI, J.