Principal Commissioner of Income-tax-3 v. Rainbow Papers Limited
[Citation -2020-LL-0127-25]

Citation 2020-LL-0127-25
Appellant Name Principal Commissioner of Income-tax-3
Respondent Name Rainbow Papers Limited
Court HIGH COURT OF GUJARAT AT AHMEDABAD
Relevant Act Income-tax
Date of Order 27/01/2020
Judgment View Judgment
Keyword Tags low tax effect • monetary limit
Bot Summary: The captioned Appeal has been notified because of the low tax effect. The Appeal is to be disposed of keeping in mind the Circular No.17/2019, dated 8th August 2019, issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, New Delhi. This Tax Appeal is not pressed in view of the low tax effect having regard to the Circular No.17/2019, dated 8th August 2019, issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, New Delhi. Page 1 of 2 Downloaded on : Wed Jan 29 09:57:19 IST 2020 C/TAXAP/947/2018 ORDER According to the new policy, as reflected from the Circular referred to above, the table for monetary limits is as follows : Sr. Appeals/SLPs in Income-tax Monetary No. matters Limits 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 In view of the aforesaid, the Appeal is disposed of accordingly. In case of any difficulty, we reserve the liberty for the Revenue to revive the Tax Appeal.


C/TAXAP/947/2018 ORDER IN HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 947 of 2018 PRINCIPAL COMMISSIONER OF INCOME TAX 3 Versus RAINBOW PAPERS LIMITED Appearance: MRS MAUNA M BHATT(174) for Appellant(s) No. 1 MR TEJ SHAH(5743) for Opponent(s) No. 1 CORAM: HONOURABLE MR.JUSTICE J.B.PARDIWALA and HONOURABLE MR. JUSTICE BHARGAV D. KARIA Date : 27/01/2020 ORAL ORDER (PER : HONOURABLE MR.JUSTICE J.B.PARDIWALA) Registry has notified Appeal for purpose of passing appropriate order. captioned Appeal has been notified because of low tax effect. Appeal is 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 of Direct Taxes, New Delhi. This Tax Appeal is 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 of Direct Taxes, New Delhi. Page 1 of 2 Downloaded on : Wed Jan 29 09:57:19 IST 2020 C/TAXAP/947/2018 ORDER According to new policy, as reflected from Circular referred to above, table for monetary limits is as follows : Sr. Appeals/SLPs in Income-tax Monetary No. matters Limits (Rs.) 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 In view of aforesaid, Appeal is disposed of accordingly. In case of any difficulty, we reserve liberty for Revenue to revive Tax Appeal. (J. B. PARDIWALA, J.) (BHARGAV D. KARIA, J.) /MOINUDDIN Page 2 of 2 Downloaded on : Wed Jan 29 09:57:19 IST 2020 Principal Commissioner of Income-tax-3 v. Rainbow Papers Limited
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