Principal Commissioner of Income-tax Vadodara-1 v. Gujarat State Fertilizers and Chemicals Ltd
[Citation -2019-LL-1001-61]
| Citation | 2019-LL-1001-61 |
|---|---|
| Appellant Name | Principal Commissioner of Income-tax Vadodara-1 |
| Respondent Name | Gujarat State Fertilizers and Chemicals Ltd. |
| Court | HIGH COURT OF GUJARAT AT AHMEDABAD |
| Relevant Act | Income-tax |
| Date of Order | 01/10/2019 |
| 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.Manish J. Shah, 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.17 of 2019 dated 08.08.2019 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 has also been made retrospectively applicable to Page 1 of 2 Downloaded on : Fri Oct 04 10:02:26 IST 2019 C/TAXAP/932/2018 ORDER 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 08.08.2019. 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. |