The Commissioner of Income-tax-VIII v. Jecobs H and G Pvt. Ltd
[Citation -2020-LL-0212-24]
Citation | 2020-LL-0212-24 |
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Appellant Name | The Commissioner of Income-tax-VIII |
Respondent Name | Jecobs H and G Pvt. Ltd. |
Court | HIGH COURT OF BOMBAY |
Relevant Act | Income-tax |
Date of Order | 12/02/2020 |
Assessment Year | 1995-96 |
Judgment | View Judgment |
Keyword Tags | tax effect |
Bot Summary: | Heard Mr.Suresh Kumar, learned standing counsel, Revenue for the appellant; and Mr. Subhash S. Shetty, learned counsel for the respondent/assessee. This appeal has been preferred by the Revenue under Section 260A of the Income Tax Act, 1961 assailing the order dated 22nd April, 2004 passed by the Income Tax Appellate Tribunal, Mumbai Bench D, Mumbai in Income Tax Appeal No.162/Mum/2000 for the assessment year 1995-96. We notice that in the court proceedings held on 14 th January, 2020 it was pointed out by learned counsel for the respondent that the tax effect is less than the prescribed limit of Rs.1 crore as provided in CBDT Circular No.17 of 2019 Uploaded on - 13/02/2020 Downloaded on - 14/02/2020 09:13:02 Priya Soparkar 2 2 itxa 1041-07-o dated 8th August, 2019. Learned standing counsel had sought for time to examine the position. Be that as it may, evidently the tax effect is below the prescribed limit of Rs.1 crore as per the CBDT Circular No.17 of 2019. The appeal is accordingly dismissed as withdrawn as per the said Circular. Liberty is granted to the appellant to seek revival of the appeal if it is found that the appeal comes within any of the exceptions carved out in the CBDT circular. |