Principal Commissioner Of Income Tax-31, Mumbai v. M/S. Unique Gems And Jewellery

Pradnya Bhogale IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO. 1525 OF 2017 Principal Commissioner of Income Tax-31, Mumbai vs. M/s. Unique Gems and Jewellery …........ Mr. Arvind Pinto for Appellant. …........ ..Appellant ..Respondent CORAM : NITIN JAMDAR &M.S.KARNIK, JJ. DATE : 15 JANUARY 2020 P.C.:- On the last date, we had adjourned the appeal at the instance of the learned counsel for the Revenue to takeinstructions to withdraw the appeal in terms of Circular No. 17 of2019 dated 8 August 2019 issued by the Central Board for DirectTaxes (CBDT). 2.Today, the learned Counsel appearing in support ofthe appeal state that in spite of best efforts, no instructions areforthcoming from the Revenue. Counsel state that the tax effectinvolved in the appeal is less than the threshold limit of Rs. 1.00crore as provided in the CBDT Circular dated 8 August 2019. 3.In the above view, the appeal is disposed of in terms ofthe above Circular. Refund of Court fees as per Rules. 4.However, it is made clear that in case the Officer of theRevenue inform the learned counsel for the Revenue that any ofthe appeal is not covered by the above CBDT Circular dated8 August 2019, then the parties are at liberty to move this Courtfor recall of this order in respect of this appeal. (M.S.KARNIK, J.) (NITIN JAMDAR, J.)