The Commissioner of Income-tax, Ahmedabad-II v. Labh Construction & Industries Ltd
[Citation -2019-LL-0920-25]
| Citation | 2019-LL-0920-25 |
|---|---|
| Appellant Name | The Commissioner of Income-tax, Ahmedabad-II |
| Respondent Name | Labh Construction & Industries Ltd. |
| Court | HIGH COURT OF GUJARAT AT AHMEDABAD |
| Relevant Act | Income-tax |
| Date of Order | 20/09/2019 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | Heard Mrs. Mauna Bhatt, learned senior standing counsel for the appellant and Mr. B.S. Soparkar, learned advocate for the respondent. Mrs. Mauna Bhatt, learned senior standing counsel for the appellant, has stated that the tax effect involved in these appeals is less than Rs.1,00,00,000/. Under the circumstances, in the light of the Circular No.23 of 2019 dated 06.09.2019 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 Page 1 of 2 Downloaded on : Tue Sep 24 12:46:49 IST 2019 C/TAXAP/1198/2007 ORDER exceed the monetary limit of Rs.1,00,00,000/ shall be filed before the High Court and which has also been made retrospectively applicable to pending appeals, the learned senior standing counsel for the appellant does not press the present appeals. The appeals are, accordingly, disposed of as not pressed in light of the Circular dated 06.09.2019. 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/s. |