Pr Commissioner of Income Tax 19 Mumbai vs Laxmi Finance and Leasing Companies Commercial Premises Co. Op Soc Ltd. Ay 2006-07 Assessee

Mr. Akhileshwar Sharma, learned counsel for the appellant/revenue drawing the Court’s attention to paragraph no.13 of the memo of appeal, which refers to an amount of Rs. 1,41,40,361/- fairly states that this appeal would not require adjudication considering the tax effect as involved under the Circular dated dated 17 September, 2024 issued by the Central Board of Direct Taxes. He would accordingly submit that the revenue be permitted to withdraw this appeal. Assessment year is 2006-2007.

In the event, the tax effect as involved is not within the parameters of the Circular dated 17 September, 2024, liberty to revive this appeal.

(ADVAIT M. SETHNA, J.)

(G. S. KULKARNI, J.)

Page 1 of 1 13 November 2024

Pr Commissioner of Income Tax 19 Mumbai v. Laxmi Finance and Leasing Companies Commercial Premises Co. Op Soc Ltd. Ay 2006-07 Assessee