Commissioner of Income-tax-II v. O.L. of Motorol Technologies Ltd In Liquidation
[Citation -2019-LL-0926-17]
| Citation | 2019-LL-0926-17 |
|---|---|
| Appellant Name | Commissioner of Income-tax-II |
| Respondent Name | O.L. of Motorol Technologies Ltd In Liquidation |
| Court | HIGH COURT OF GUJARAT AT AHMEDABAD |
| Relevant Act | Income-tax |
| Date of Order | 26/09/2019 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | Heard Mr.Varun K. Patel, learned senior standing counsel for the appellant and Mr.Aftabhusen Ansari, learned advocate for the respondent. Mr. Varun K. Patel, learned senior standing counsel for the appellant, has stated that the tax effect involved in this appeal 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 exceed the monetary limit of Rs.1,00,00,000/- shall be filed before the High Court and which Page 1 of 2 Downloaded on : Sat Sep 28 11:19:18 IST 2019 C/TAXAP/1069/2014 ORDER has also been made retrospectively applicable to pending appeals, the learned senior standing counsel for the appellant does not press the present appeal. The appeal is, 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. |