Priya Soparkar 1 2 itxa 1041-07-o IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (IT) NO.1041 OF 2007 Commissioner of Income-Tax VIII Appellant V/s. M/s Jecobs H and G Pvt. Ltd. Respondent Mr. Suresh Kumar with Ms.Sumandevi Yadav, Advocate for Appellant. Mr. Subhash S. Shetty, Advocate for Respondent. CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ. DATE : FEBRUARY 12, 2020 P.C.:- 1. Heard Mr.Suresh Kumar, learned standing counsel, Revenue for appellant; and Mr. Subhash S. Shetty, learned counsel for respondent/assessee. 2. This appeal has been preferred by Revenue under Section 260A of Income Tax Act, 1961 assailing order dated 22nd April, 2004 passed by Income Tax Appellate Tribunal, Mumbai Bench "D", Mumbai in Income Tax Appeal No.162/Mum/2000 for assessment year 1995-96. 3. We notice that in court proceedings held on 14 th January, 2020 it was pointed out by learned counsel for respondent that tax effect is less than 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 position. Further time was granted subsequently on 28th January, 2020. 4. Today when matter is called upon, Mr. Suresh Kumar submits that he has not received any instructions. 5. Be that as it may, evidently tax effect is below prescribed limit of Rs.1 crore as per CBDT Circular No.17 of 2019. 6. appeal is accordingly dismissed as withdrawn as per said Circular. However, liberty is granted to appellant to seek revival of appeal if it is found that appeal comes within any of exceptions carved out in CBDT circular. 7. Court fees paid may be refunded as per Rules. (MILIND N. JADHAV, J.) (UJJAL BHUYAN, J.) Uploaded on - 13/02/2020 Downloaded on - 14/02/2020 09:13:02 Commissioner of Income-tax-VIII v. Jecobs H and G Pvt. Ltd