The Commissioner Of Income Tax-1, Nashik 422 002 … v. Shri Rahul Pradeep Merchant, Malegaon 423 203, Nashik …

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1875 OF 2011 The Commissioner of Income Tax-1,Nashik 422 002 … Appellant v/sShri Rahul Pradeep Merchant, Malegaon 423 203, Nashik … Respondent Mr Suresh Kumar i/b Mr Vipul Bajpayee for Appellant. Mr Sameer Dalal for Respondent. CORAM : M.S. SANKLECHA AND B.P. COLABAWALLA JJ. DATE : 29[th] FEBRUARY, 2016 P.C.:- 1.This Appeal relates to Assessment for Block Period 1[st ]April 1988 to 28[th] April 1998. Mr Suresh Kumar, learned counsel for the Revenue states that the tax effect in the present Appeal as indicated in para 10 of the Appeal Memos is Rs.14.29 lakhs. He further states that in view of the Central Board of Direct Tax Circular No.21/15 dated 10[th] December 2015, the tax effect being less than the threshold limit of Rs.20 lakhs provided therein for challenging an order of the Tribunal before this Court, he does not press the present Appeal. 2.Accordingly, the Appeal is dismissed as not pressed. Refund of Court fees as per Rules. (B.P.COLABAWALLA, J.) (M.S. SANKLECHA, J.)