C/TAXAP/91/2019 ORDER IN HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 91 of 2019 With R/TAX APPEAL NO. 79 of 2019 PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL , AHMEDABAD Versus ULHAS SECURITIES PVT. LTD. Appearance: MRS MAUNA M BHATT(174) for Appellant(s) No. 1 RULE UNSERVED(68) for Opponent(s) No. 1 CORAM: HONOURABLE MR.JUSTICE J.B.PARDIWALA and HONOURABLE MR.JUSTICE A.C. RAO Date : 09/09/2019 COMMON ORAL ORDER (PER : HONOURABLE MR.JUSTICE J.B.PARDIWALA) 1. Registry has notified captioned appeals for purpose of passing appropriate orders. captioned appeals have been notified because of low tax effect. These appeals are to be disposed of keeping in mind Circular No.17/2019, dated 8th August, 2019 issued by Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, New Delhi. 2. Both tax appeals are not pressed in view of low tax effect having regard to Circular No.17/2019, dated 8th August, 2019 issued by Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, New Delhi. 3. According to new policy as reflected from Circular referred Page 1 of 2 Downloaded on : Sat Oct 26 10:24:07 IST 2019 C/TAXAP/91/2019 ORDER to above, table for monetary limits is as follows: Sr. Appeals/SLPs in Income tax matters Monetary Limit No. (Rs.) 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 4. In view of aforesaid, both appeals are disposed of accordingly. In case of any difficulty, we reserve liberty for Revenue to revive tax appeal. (J. B. PARDIWALA, J) (A. C. RAO, J) aruna Page 2 of 2 Downloaded on : Sat Oct 26 10:24:07 IST 2019 Principal Commissioner of Income-tax, Central, Ahmedabad v. Ulhas Securities Pvt. Ltd