Dismissed

The Commissioner of Income Tax- 20 Mumbai v. Balaji Corporation

Bombay HC3 Aug 2016ITXA/1584/2011

Case brief

AI extract

What is this about?

The Court dismissed an Income Tax Appeal for Assessment Year 2005-06 as it was not pressed by the Revenue. This decision was based on Circular No. 21 of 2015 which restricts filing appeals where the tax effect does not exceed the specified monetary limit. Court fees were not refunded.

What did the court decide?

Appeal dismissed as not pressed by the appellant; order for refund of court fees.

The Commissioner of Income Tax- 20 Mumbai Vs Balaji Corporation — Income Tax | Bombay HC (2016)

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1584-11-ITXA=.doc

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

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INCOME TAX APPEAL NO. 1584 OF 2011

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The Commissioner of Income Tax-20, Mumbai

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.. Appellant

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v/s.

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M/s. Balaji Corporation

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..Respondent

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Mr. Abhay Ahuja a/w Ranit Basu i/b D.K. Kamwal for the appellant

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CORAM : M.S. SANKLECHA & A.K. MENON, J.J.

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DATED : 3^rd AUGUST, 2016.

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P.C.

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This Appeal relates to Assessment Year 2005-06.

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Mr. Ahuja, learned Counsel appearing for the Revenue invited our attention to Circular No.21 of 2015 issued by the Central Board for Direct Tax dated 10^th December, 2015. In particular, our attention invited to paragraphs 3 and 10 therein which read as under:-

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“3:- Henceforth, appeals/SLPs shall not be filed in cases where the tax effect does not exceed the monetary limits given hereunder:-

1 of 2

Uday S. Jagtap

1584-11-ITXA=.doc

S. No.	Appeals in Income Tax matters	Monetary Limit (in Rs.)
1	Before Appellate Tribunal	10,00,000/-
2	Before High Court	20,00,000/-
3	Before Supreme Court	25,00,000/-

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It is clarified that an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed above. Filing of appeal in such cases is to be decided on merits of the case.”

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“10:- This instruction will apply retrospectively to pending appeals and appeals to be filed henceforth in High Courts/ Tribunals. Pending appeals below the specified tax limits in para 3 above may be withdrawn/not pressed. Appeals before the Supreme Court will be governed by the instructions on this subject, operative at the time when such appeal was filed.”

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In the present case, the tax effect is Rs. 19.80 lakhs as mentioned in paragraph 11 of the Appeal Memo.

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In view of the above, Mr. Ahuja, learned Counsel appearing for the Revenue does not press the present Appeal.

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Accordingly, Appeal is dismissed, as not pressed.

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Refund of Court Fees, as per Rules.

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(A.K. MENON, J.)

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(M.S. SANKLECHA, J.)

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2 of 2

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Uday S. Jagtap

The Commissioner of Income Tax- 20 Mumbai v. Balaji Corporation

Case brief

What is this about?

What did the court decide?

The Commissioner of Income Tax- 20 Mumbai v. Balaji Corporation

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

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