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PRINCIPAL COMMISSIONER OF INCOME TAX 4 v. SHAH ALLOYS LTD
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/TAX APPEAL NO. 575 of 2018
==========================================================
PRINCIPAL COMMISSIONER OF INCOME TAX 4
Versus
SHAH ALLOYS LTD
========================================================== Appearance:
MRS MAUNA M BHATT(174) for the Appellant(s) No. 1 RULE SERVED(64) for the Opponent(s) No. 1 ==========================================================
CORAM: HONOURABLE MS.JUSTICE HARSHA DEVANI
and
HONOURABLE DR.JUSTICE A. P. THAKER
Date : 25/02/2019
ORAL ORDER
(PER : HONOURABLE MS.JUSTICE HARSHA DEVANI)
1. Heard Mrs. Mauna Bhatt, learned senior standing counsel for the appellant.
2. It is an admitted position that the tax effect involved in this appeal is less than Rs.50,00,000/-. Under the circumstances, in the light of the Circular No.3/2018 dated 11thJuly, 2018 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes which provides that no appeal wherein the tax effect does not exceed the monetary limit of Rs.50,00,000/- shall be filed before the High Court and has also been made retrospectively applicable to pending appeals, the learned senior standing counsel for the appellant does not press the present appeal.
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3. The appeal is accordingly disposed of as not pressed in the light of the Circular dated 11thJuly, 2018. However, in case there is any error in the computation of the tax effect involved or if for any reason, the circular is not applicable, it would be open for the appellant to seek revival of the appeal.
(HARSHA DEVANI, J)
(A. P. THAKER, J)
Vijay
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