The Commissioner Of Income Tax, Ahmedabad - Ii v. Labh Construction & Industriesltd. ==========================================================

IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 1198 of 2007With R/TAX APPEAL NO. 1199 of 2007 ========================================================== THE COMMISSIONER OF INCOME TAX, AHMEDABAD - II VersusLABH CONSTRUCTION & INDUSTRIESLTD. ========================================================== Appearance: MRS MAUNA M BHATT(174) for the Appellant(s) No. 1MR BS SOPARKAR FOR MRS SWATI SOPARKAR(870) for the Opponent(s) No. 1 ========================================================== CORAM: HONOURABLE MS.JUSTICE HARSHA DEVANI and HONOURABLE MS. JUSTICE SANGEETA K. VISHEN Date : 20/09/2019 ORAL ORDER (PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1.Heard Mrs. Mauna Bhatt, learned senior standing counsel for the appellant and Mr. B.S. Soparkar, learned advocate for the respondent. 2.Mrs. Mauna Bhatt, learned senior standing counsel for the appellant, has stated that the tax effect involved in these appeals is less than Rs.1,00,00,000/-. Under the circumstances, in the light of the Circular No.23 of 2019 dated 06.09.2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, which provides that no appeal wherein the tax effect does not C/TAXAP/1198/2007 ORDER exceed the monetary limit of Rs.1,00,00,000/- shall be filed before the High Court and which has also been made retrospectively applicable to pending appeals, the learned senior standing counsel for the appellant does not press the present appeals. 3.The appeals are, accordingly, disposed of as not pressed in light of the Circular dated 06.09.2019. However, in case there is any error in the computation of the tax effect involved or if, for any reason, the Circular is not applicable, it would be open for the appellant to seek revival of the appeal/s. (HARSHA DEVANI, J) PRAVIN KARUNAN (SANGEETA K. VISHEN,J)