The Commissioner Of Income Tax v. M/S. Phil Corporation Ltd

IN THE HIGH COURT OF BOMBAY AT GOA TAX APPEAL NO. 19 OF 2007 THE COMMISSIONER OF INCOME TAX Versus M/S. PHIL CORPORATION LTD. ... Appellant... Respondent Mr. Asha Desai, and Ms. Shubhangi Sawant, Advocates for theappellant. Mr. Jitendra Jain, and Prashant Agrawal, Advocates for therespondent. -Coram:F. M. REIS &K. L. WADANE, JJ.-Date:8th February, 2016 P.C.: Heard Ms. Asha Desai, learned Counsel appearing for theappellant and Mr. J. Jain, learned Counsel appearing for the respondent. 2. During the course of hearing of the above petition, it is not disputed by the learned Counsel appearing for the appellant that thetax effect in the above appeal is less than Rs.20.00 lakhs and, as such,it is covered by the Circular No. 21/2015, dated 10th December, 2015issued by the Central Board for Direct Taxes. 3. In view of the said Circular, the question of proceeding withthe above appeal would not arise. The appeal stands, accordingly,disposed of. K. L. WADANE, J. F. M. REIS, J. ssm.