The Pr.commissoiner Of Income Tax-3,Ahmedabad v. Jaydeep R.agrawal

C/TAXAP/777/2015 ORDER IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 777 of 2015 ================================================================ THE PR.COMMISSOINER OF INCOME TAX-3,AHMEDABADVersusJAYDEEP R.AGRAWAL ================================================================ Appearance: MR.VARUN K.PATEL(3802) for the PETITIONER(s) No. 1RULE SERVED(64) for the RESPONDENT(s) No. 1 ================================================================ CORAM: HONOURABLE MS.JUSTICE HARSHA DEVANIandHONOURABLE DR.JUSTICE A. P. THAKER Date : 18/02/2019 ORAL ORDER (PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1.Heard Mr. Varun Patel, learned Senior Standing Counsel for the appellant. 2.It is an admitted position 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. 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)