Principal Commissioner Of Income Tax-5 v. M/S Tolani Pvt. Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.172 OF 2017WITHINCOME TAX APPEAL NO.420 OF 2017 Principal Commissioner of Income Tax-5 .... Appellant versus M/s Tolani Pvt. Ltd. ….... .... Respondent Mr.N.C. Mohanty, Advocate for Appellant.Mr.N.C. Mohanty, Advocate for Appellant.•Mr.Atul Jasani, Advocate for Respondent.Mr.Atul Jasani, Advocate for Respondent. CORAM : AKIL KURESHI & SARANG V. KOTWAL, JJ.DATE: 01[st] APRIL, 2019. P.C. : 1. These Appeals under Section 260A of the Income TaxAct, 1961 (“the Act” for short) have been filed challenging theorder passed by the Income Tax Appellate Tribunal. 2.The learned Counsel appearing in support of theAppeals, states that he has been instructed to withdraw theseAppeals. This is for the reason that the tax effect involved in 2 / 2 69-ITXA-172-17.odt these Appeals is less than the threshold limit of Rs.50 Lacs asprovided in CBDT Circular No.3 of 2018 dated 11.7.2018. 3.In view of the above submission, the Appeals aredismissed as not pressed. 4.Refund of court fees as per rules. (SARANG V. KOTWAL, J.) (AKIL KURESHI, J.)