The Commissioner Of Income Tax-4 v. M/S Kaushik Shah Shares & Securities Pvt. Ltd. …

DigitallyNIKITAsigned byNIKITAYOGESHYOGESHGADGILGADGILDate:2022.08.2510:50:02+0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 569 OF 2014 The Commissioner Of Income Tax-4 … Appellant Versus M/s Kaushik Shah Shares & Securities Pvt. Ltd. … Respondent ****** Mr. P. A. Narayanan, for the Appellant.Ms. Neelam C. Jadhav, for the Respondent. ****** CORAM: DHIRAJ SINGH THAKUR & ABHAY AHUJA, JJ. DATE : 24[th] AUGUST, 2022 P.C. :- 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 no instructionshave been received from the Department to withdraw the presentAppeal. 2. In the light of Circular No. 17 of 2019, the Appeal is disposed of as involving low tax effect. Nikita Gadgil 1/2 3. However, we observe that in case, the Revenue finds for somereason that the Appeal was not supposed to have been withdrawn inthe light of the Circular, it would be open to the Revenue to file anapplication/praecipe seeking restoration of the Appeal to be decidedon its own merits. Refund of Court-fees as per rules. (ABHAY AHUJA, J.) (DHIRAJ SINGH THAKUR,J.) Nikita Gadgil 2/2