Gujarat High Court
Commissioner Of Income Tax-I vs Arat Electro Chemicals ... on 16 June, 2016
Author: Ks Jhaveri
Bench: Ks Jhaveri
O/TAXAP/1491/2008 JUDGMENT
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
TAX APPEAL NO. 1491 of 2008
FOR APPROVAL AND SIGNATURE:
HONOURABLE MR.JUSTICE KS JHAVERI
and
HONOURABLE MR.JUSTICE G.R.UDHWANI
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1 Whether Reporters of Local Papers may be allowed
to see the judgment ?
2 To be referred to the Reporter or not ?
3 Whether their Lordships wish to see the fair copy of
the judgment ?
4 Whether this case involves a substantial question of
law as to the interpretation of the Constitution of
India or any order made thereunder ?
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COMMISSIONER OF INCOME TAX-I....Appellant(s)
Versus
ARAT ELECTRO CHEMICALS LTD....Opponent(s)
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Appearance:
MRS MAUNA M BHATT, ADVOCATE for the Appellant(s) No. 1
MRS SWATI SOPARKAR, ADVOCATE for the Opponent(s) No. 1
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CORAM: HONOURABLE MR.JUSTICE KS JHAVERI
and
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O/TAXAP/1491/2008 JUDGMENT
HONOURABLE MR.JUSTICE G.R.UDHWANI
Date : 16/06/2016
ORAL JUDGMENT
(PER : HONOURABLE MR.JUSTICE KS JHAVERI)
1. Heard Mrs. Mauna M. Bhatt, learned Senior Standing Counsel, for the appellant and Mr. B.S. Soparkar, learned advocate for Mrs. Swati Soparkar, learned advocate, for the respondent.
2. It is an admitted position between the parties that the tax effect involved in this appeal is less than Rs. 20,00,000/-. Under the circumstances, in the light of the Circular No. 21/2015 dated 10th December, 2015 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. 20,00,000/- shall be filed before the High Court and has also been made retrospectively applicable to pending appeals, the learned advocate for the appellant does not press the present appeal.
3. The appeal is accordingly disposed of as not pressed in the light of the Circular dated 10th December, 2015. However, in case of difficulty, liberty to revive the appeal is granted.
(K.S.JHAVERI, J.)
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O/TAXAP/1491/2008 JUDGMENT
(G.R.UDHWANI, J.)
(pkn)
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