The Commissioner Of Income Tax-Iii v. Sudipta M Bhaumick

IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 1421 of 2008 ================================================================THE COMMISSIONER OF INCOME TAX-IIIVersusSUDIPTA M BHAUMICK ================================================================ Appearance: MRS MAUNA M BHATT(174) for the PETITIONER(s) No. 1MRS SWATI SOPARKAR(870) for the RESPONDENT(s) No. 1 ================================================================ CORAM: HONOURABLE MS.JUSTICE HARSHA DEVANIandHONOURABLE DR.JUSTICE A. P. THAKER Date : 11/02/2019 ORAL ORDER (PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1.Heard Mrs. Mauna Bhatt, learned Senior Standing Counsel for the appellant and Mrs. Swati Soparkar, learned advocate for the respondent. 2.It is an admitted position between the parties that the tax effect involved in this appeal is less than Rs.50,00,000/-. Under the circumstances, in the light of the Circular No.3/2018 dated 11[th] July, 2018 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 exceed the monetary limit of Rs.50,00,000/- shall be filed before the High Court and has also been made retrospectively applicable to pending appeals, the learned senior standing counsel for the appellant does not press the present appeal. C/TAXAP/1421/2008 ORDER 3.The appeal is accordingly disposed of as not pressed in the light of the Circular dated 11[th] July, 2018. 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. (HARSHA DEVANI, J) R.S. MALEK (A. P. THAKER, J)