The appeal by the Principal Commissioner of Income Tax was disposed of as not pressed because the tax effect (Rs. 52,98,888) was below the monetary limit (Rs. 1 crore) specified in the relevant circular, rendering the matter without substance to proceed further.
The appeal was disposed of as not pressed.
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THE PR. COMMISSIONER OF INCOME TAX -5 ..... Appellant
Through: Mr. Ruchir Bhatia, Advocate.
versus
JAI JAWAN COAL CARRIER PVT. LTD ..... Respondent Through:
CORAM: HON'BLE MR. JUSTICE VIPIN SANGHI HON'BLE MR. JUSTICE SANJEEV NARULA O R D E R
% 05.11.2019
In the light of the circular dated 08.08.2019 issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (Judicial Section), Government of India, which fixes the monetary limit in respect of tax effect, inter alia, before the High Court in which the Department could pursue the matter as Rs. 1,00,00,000/- and in view of the fact that the tax effect in the present case is Rs. 52,98,888/-, the present appeal is disposed of as not pressed.
VIPIN SANGHI, J
SANJEEV NARULA, J
NOVEMBER 05, 2019 nk
THE PR. COMMISSIONER OF INCOME TAX -5
JAI JAWAN COAL CARRIER PVT. LTD
VIPIN SANGHI
SANJEEV NARULA
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
