Principal Commissioner of Income-tax-2 v. Kunvarji Finance Pvt. Ltd
[Citation -2020-LL-0731-58]

Citation 2020-LL-0731-58
Appellant Name Principal Commissioner of Income-tax-2
Respondent Name Kunvarji Finance Pvt. Ltd.
Court HIGH COURT OF GUJARAT AT AHMEDABAD
Relevant Act Income-tax
Date of Order 31/07/2020
Judgment View Judgment
Keyword Tags monetary limit • low tax effect
Bot Summary: The Registry has notified the appeal for the purpose of passing an appropriate order. The captioned appeal has been notified because of the low tax effect. The appeal is to be disposed of keeping in mind the Circular No.17/2019, dated 8th August, 2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, New Delhi. This tax appeal is not pressed in view of the low tax effect having regard to the Circular No.17/2019, dated 8th August, 2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, New Delhi. According to the new policy as reflected from the Circular referred to above, the table for monetary limits is as follows: Sr. Appeals/SLPs in Income tax matters Monetary Limit No. 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 the aforesaid, the appeal is disposed of accordingly. In case of any difficulty, we reserve the liberty for the Revenue to revive the tax appeal.


C/TAXAP/610/2015 ORDER IN HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 610 of 2015 PRINCIPAL COMMISSIONER OF INCOME TAX-2 Versus M/S.KUNVARJI FINANCE PVT.LTD. Appearance: MRS MAUNA M BHATT(174) for Appellant(s) No. 1 MR B S SOPARKAR(6851) for Opponent(s) No. 1 RULE SERVED(64) for Opponent(s) No. 1 CORAM:HONOURABLE CHIEF JUSTICE MR. VIKRAM NATH and HONOURABLE MR. JUSTICE J.B.PARDIWALA Date : 31/07/2020 ORAL ORDER (PER : HONOURABLE CHIEF JUSTICE MR. VIKRAM NATH) 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. 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. Page 1 of 2 Downloaded on : Wed Aug 05 14:51:31 IST 2020 C/TAXAP/610/2015 ORDER 3. According to new policy as reflected from Circular referred to above, table for monetary limits is as follows: Sr. Appeals/SLPs in Income tax matters Monetary Limit No. (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. (VIKRAM NATH, CJ) (J. B. PARDIWALA, J) ALI ISTAYAK Page 2 of 2 Downloaded on : Wed Aug 05 14:51:31 IST 2020 Principal Commissioner of Income-tax-2 v. Kunvarji Finance Pvt. Ltd
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