Revenue appellants withdrew the income tax appeal for assessment year 2004-05 as it fell below the monetary limit mandated by the Central Board. The court dismissed the appeal because it was not pressed.
Appeal dismissed as not pressed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
1586-14-itxa=.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1586 OF 2014
The Commissioner of Income Tax-1 Mumbai
Mumbai .. Appellant v/s. M/s. Ramon Publications Pvt. Ltd. .. Respondent
Mr. P.C. Chhotaray for the appellant Mr. V.S. Hadade for the respondent
CORAM : M.S. SANKLECHA & A.K. MENON, J.J.
DATED : 24th MARCH, 2017.
P.C.
“3:- Henceforth, appeals/SLPs shall not be filed in cases
1 of 2
Uday S. Jagtap
1586-14-itxa=.doc
where the tax effect does not exceed the monetary limits given hereunder:-
| 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/- |
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.”
“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 Pending appeals below the specified tax limits in para 3 above may be withdrawn/not pressed.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.”
(A.K. MENON, J.)
2 of 2
Uday S. Jagtap
The Commissioner of Income Tax-1 Mumbai
M/s. Ramon Publications Pvt. Ltd.
M.S. Sanklecha
A.K. Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
