C/TAXAP/534/2015 ORDER IN HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 534 of 2015 With R/TAX APPEAL NO. 612 of 2016 With R/TAX APPEAL NO. 613 of 2016 With R/TAX APPEAL NO. 614 of 2016 With R/TAX APPEAL NO. 615 of 2016 With R/TAX APPEAL NO. 616 of 2016 PRINCIPAL COMMISSIONER OF INCOME TAX Versus CO-OPERATIVE BANK OF RAJKOT LTD., Appearance: MRS MAUNA M BHATT(174) for Appellant(s) No. 1 MR TUSHAR P HEMANI(2790) for Opponent(s) No. 1 MS VAIBHAVI K PARIKH(3238) 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) 1. 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 Direct Taxes, New Delhi. Page 1 of 2 Downloaded on : Wed Jan 29 10:13:27 IST 2020 C/TAXAP/534/2015 ORDER 2. 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 Direct Taxes, New Delhi. 3. According to new policy as reflected from Circular referred to above, table for monetary limits is as follows: Sr.No. Appeals/SLPs in Income-tax Monetray Limit matters (Rs.) 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000 4. 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) PALAK Page 2 of 2 Downloaded on : Wed Jan 29 10:13:27 IST 2020 Principal Commissioner of Income-tax v. Co-Operative Bank of Rajkot Ltd