Pr. Commissioner of Income-tax-8, Mumbai v. Voltas Ltd
[Citation -2020-LL-0129-48]

Citation 2020-LL-0129-48
Appellant Name Pr. Commissioner of Income-tax-8, Mumbai
Respondent Name Voltas Ltd.
Court HIGH COURT OF BOMBAY
Relevant Act Income-tax
Date of Order 29/01/2020
Judgment View Judgment
Keyword Tags monetary limit • tax effect
Bot Summary: Heard Mr. Sham Walve, learned standing counsel, revenue for the appellant and Ms. Jasmin Amaladvala, learned counsel for the respondent - assessee. On 15.1.2020, following order was passed:- The learned counsel for the respondent pointed out that in the order giving effect to the decision of the Tribunal relief granted by the Tribunal has been mentioned and if the tax effect is so calculated comes below one crore. Learned counsel for the appellant seeks time to take instructions. Today, when the matter is called upon, Mr. Walve submits that he has received written instructions from Pr. Commissioner of Income Tax -8, Mumbai dated 27.1.2020 to withdraw the appeal as the tax effect involved is below the prescribed monetary limit as per CBDT Circular No. 17/2019 dated 8.8.2019. In that view of the matter, the appeal is disposed of as withdrawn.


12. os itxa 1724-17.doc R.M. AMBERKAR (Private Secretary) IN HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. INCOME TAX APPEAL NO. 1724 OF 2017 Pr. Commissioner of Income Tax-8, Mumbai .. Appellant Versus M/s. Voltas Ltd .. Respondent Mr. Sham Walve a/w Mr. Pritesh Chatterjee for Appellant Ms. Jasmin Amalsadvala a/w Mr. Nishant Thakkar and Rajesh Poojary i/by Mulla & Mulla for Respondent CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ. DATE : JANUARY 29, 2020. P.C.: 1. Heard Mr. Sham Walve, learned standing counsel, revenue for appellant and Ms. Jasmin Amaladvala, learned counsel for respondent - assessee. 2. On 15.1.2020, following order was passed:- " learned counsel for respondent pointed out that in order giving effect to decision of Tribunal relief granted by Tribunal has been mentioned and if tax effect is so calculated comes below one crore. Learned counsel for appellant seeks time to take instructions. Stand over to 29 January 2020." 1 of 2 12. os itxa 1724-17.doc 3. Today, when matter is called upon, Mr. Walve submits that he has received written instructions from Pr. Commissioner of Income Tax -8, Mumbai dated 27.1.2020 to withdraw appeal as tax effect involved is below prescribed monetary limit as per CBDT Circular No. 17/2019 dated 8.8.2019. 4. In that view of matter, appeal is disposed of as withdrawn. 5. Refund of court fees as per rules. [ MILIND N. JADHAV, J. ] [ UJJAL BHUYAN, J. ] Digitally signed by Ravindra Ravindra M. Amberkar M. Date: Amberkar 2020.01.30 15:41:30 +0530 2 of 2 Pr. Commissioner of Income-tax-8, Mumbai v. Voltas Ltd
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