Pr. Commissioner Of Incone Tax v. Af-Taab Investment Company Ltd. Corporate Centre, ‘B’ Block

Digitallysigned bySHRADDHASHRADDHAKAMLESHKAMLESHTALEKARTALEKARDate:2022.08.2620:13:55+0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 2678 OF 2018 Pr. Commissioner of Incone Tax-6,Vth Floor, Aaykar BhavanM.K. Road, Mumbai – 400 020. Vs.Af-taab Investment Company Ltd.Corporate Centre, ‘B’ Block, 34,Sant Tukaram Road, Carnac Bunder,Mumbai-400 009PAN : AAACA4800H .. Appellant .... Respondent **** Mr.Akhileshwar Sharma for appellant. Mr.Srihari Iyer for respondent. CORAM : DHIRAJ SINGH THAKUR AND ABHAY AHUJA, JJ. DATE : 25[th] AUGUST 2022 PC : 1.Learned Counsel for the appellant states that the tax effect inthe present Appeal is below the limit stipulated in terms of CircularNo.17 of 2019, dated 8[th] August, 2019. It is stated that noinstructions have been received from the Department to withdrawthe present Appeal. 2.In the light of Circular No. 17 of 2019, the Appeal is disposedof as involving low tax effect. 3. However, we observe that in case, the Revenue fnds for somereason that the Appeal was not supposed to have been withdrawn inthe light of the Circular, dated 8[th] August 2019, it would be open tothe Revenue to fle an application/praecipe seeking restoration ofthe Appeal, to be decided on its own merits. Refund of Court-fees asper Rules. [ABHAY AHUJA, J.] [DHIRAJ SINGH THAKUR, J.]