The Commissioner Of Income Tax-Iii v. Rajbal Financial Pvt. Ltd

IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 66 of 2008 =============================================THE COMMISSIONER OF INCOME TAX-III VersusRAJBAL FINANCIAL PVT. LTD. ============================================= Appearance: MR NIKUNT RAVAL for the AppellantM R BHATT & CO.(5953) for the Appellant(s) No. 1MRS SWATI SOPARKAR(870) for the Opponent(s) No. 1============================================= CORAM:HONOURABLE THE CHIEF JUSTICE MR. JUSTICE ARAVIND KUMARandHONOURABLE MR. JUSTICE ASHUTOSH J. SHASTRI Date : 12/10/2022ORAL ORDER (PER : HONOURABLE THE CHIEF JUSTICE MR. JUSTICE ARAVIND KUMAR) Having regard to the fact that the tax effect is less than Rs.1 Crore and as prescribed under the extantnotification issued by the department, having low taxeffect the appeal cannot be continued, the appeal standsdisposed of accordingly, reserving liberty to revenue torevive this appeal in the event of tax effect being more orthe appeal falling under any of the exceptions carved outunder the exemption notifications. (ARAVIND KUMAR, CJ) (ASHUTOSH J. SHASTRI, J)