The Asstt. Commissioner of Income-tax, Nagpur v. Prabhu Steel Industries Ltd
[Citation -2020-LL-0206-39]
Citation | 2020-LL-0206-39 |
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Appellant Name | The Asstt. Commissioner of Income-tax, Nagpur |
Respondent Name | Prabhu Steel Industries Ltd. |
Court | HIGH COURT OF BOMBAY AT NAGPUR |
Relevant Act | Income-tax |
Date of Order | 06/02/2020 |
Judgment | View Judgment |
Keyword Tags | monetary limit • low tax effect |
Bot Summary: | CORAM :- R. K. DESHPANDE AND AMIT B. BORKAR, JJ. DATED :- 06.02.2020 The appellant has filed a pursis signed by the Principal Commissioner of Income Tax-3, Civil Lines, Nagpur, the contains of which is reproduced below :- The Appellant files pursis as under :- 1. That the present Appeal challenged impugned judgment and order passed by the ITAT. That in order to reduce litigation CBDT, Department of Revenue, New Delhi has revised the monetary limit upto Rs. 1 Crore, below which appeal should not be filed by the department before Hon ble High Court vide Circular No. 17/2019 dated 08.08.2019. Further, the enhanced monetary limit shall apply to all pending appeals as clarified in the said Circular. Also the case does not fall under any of the exceptions laid down in Instruction No. 3/2018 dated 11.07.2018 and its amendment dated 20.08.2018 and Circular No. 23 of 2019 dated 06.09.2019. In the present matter, the disputed Tax amount involved against Respondent is Rs. 55 lakh. That in view of above, the Appellant/Department does not want to pursue the appeal and seeks permission to withdraw the present appeal and further seeks order for refund of Court fees as per law. In view of the above, the appellant is permitted to withdraw the Appeal and Court fees is permitted to be refunded, as per law. |