Principal Commissioner of Income-tax-31, Mumbai v. Unique Gems and Jewellery
[Citation -2020-LL-0115-27]

Citation 2020-LL-0115-27
Appellant Name Principal Commissioner of Income-tax-31, Mumbai
Respondent Name Unique Gems and Jewellery
Court HIGH COURT OF BOMBAY
Relevant Act Income-tax
Date of Order 15/01/2020
Judgment View Judgment
Keyword Tags tax effect
Bot Summary: CORAM : NITIN JAMDAR M.S.KARNIK, JJ. DATE : 15 JANUARY 2020 P.C.:- On the last date, we had adjourned the appeal at the instance of the learned counsel for the Revenue to take instructions to withdraw the appeal in terms of Circular No. 17 of 2019 dated 8 August 2019 issued by the Central Board for Direct Taxes. Today, the learned Counsel appearing in support of the appeal state that in spite of best efforts, no instructions are forthcoming from the Revenue. Counsel state that the tax effect involved in the appeal is less than the threshold limit of Rs. 1.00 crore as provided in the CBDT Circular dated 8 August 2019. In the above view, the appeal is disposed of in terms of the above Circular. It is made clear that in case the Officer of the Revenue inform the learned counsel for the Revenue that any of the appeal is not covered by the above CBDT Circular dated 8 August 2019, then the parties are at liberty to move this Court for recall of this order in respect of this appeal.


15 itxa 1525-17.doc Pradnya Bhogale IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1525 OF 2017 Principal Commissioner of Income Tax-31, Mumbai ..Appellant vs. M/s. Unique Gems and Jewellery ..Respondent Mr. Arvind Pinto for Appellant. CORAM : NITIN JAMDAR & M.S.KARNIK, JJ. DATE : 15 JANUARY 2020 P.C.:- On last date, we had adjourned appeal at instance of learned counsel for Revenue to take instructions to withdraw appeal in terms of Circular No. 17 of 2019 dated 8 August 2019 issued by Central Board for Direct Taxes (CBDT). 2. Today, learned Counsel appearing in support of appeal state that in spite of best efforts, no instructions are forthcoming from Revenue. Counsel state that tax effect involved in appeal is less than threshold limit of Rs. 1.00 crore as provided in CBDT Circular dated 8 August 2019. 1/2 ::: Uploaded on - 16/01/2020 ::: Downloaded on - 17/01/2020 17:06:34 ::: 15 itxa 1525-17.doc 3. In above view, appeal is disposed of in terms of above Circular. Refund of Court fees as per Rules. 4. However, it is made clear that in case Officer of Revenue inform learned counsel for Revenue that any of appeal is not covered by above CBDT Circular dated 8 August 2019, then parties are at liberty to move this Court for recall of this order in respect of this appeal. (M.S.KARNIK, J.) (NITIN JAMDAR, J.) 2/2 ::: Uploaded on - 16/01/2020 ::: Downloaded on - 17/01/2020 17:06:34 ::: Principal Commissioner of Income-tax-31, Mumbai v. Unique Gems and Jewellery
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