Gujarat High Court
Principal Commissioner Of Income Tax - 4 vs M/S Torrent Private Limited on 7 January, 2022
Author: J. B. Pardiwala
Bench: J.B.Pardiwala
C/TAXAP/1228/2018 ORDER DATED: 07/01/2022
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/TAX APPEAL NO. 1228 of 2018
With
R/TAX APPEAL NO. 1226 of 2018
With
R/TAX APPEAL NO. 1227 of 2018
With
R/TAX APPEAL NO. 1229 of 2018
With
R/TAX APPEAL NO. 1231 of 2018
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PRINCIPAL COMMISSIONER OF INCOME TAX - 4
Versus
M/S TORRENT PRIVATE LIMITED
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Appearance:
MR MANISH R. BHATT, SENIOR ADVOCATE FOR M R BHATT & CO.
(5953) for the Appellant(s) No. 1
MR B S SOPARKAR(6851) for the Opponent(s) No. 1
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CORAM:HONOURABLE MR. JUSTICE J.B.PARDIWALA
and
HONOURABLE MS. JUSTICE NISHA M. THAKORE
Date : 07/01/2022
COMMON ORAL ORDER
(PER : HONOURABLE MR. JUSTICE J.B.PARDIWALA)
1. The Registry has notified the appeal for the purpose of passing an appropriate order. The captioned appeal has been notified because of the low tax effect. The appeal is to be disposed of keeping in mind the Circular No.17/2019, dated 8 th August, 2019 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, New Delhi.
2. This tax appeal is not pressed in view of the low tax effect having regard to the Circular No.17/2019, dated 8 th August, 2019 issued by the Government of India, Ministry of Finance, Department Page 1 of 2 Downloaded on : Sun Apr 24 08:32:15 IST 2022 C/TAXAP/1228/2018 ORDER DATED: 07/01/2022 of Revenue, Central Board Direct Taxes, New Delhi.
3. According to the new policy as reflected from the Circular referred to above, the table for monetary limits is as follows:-
Sr. Appeals/SLPs in Income-tax matters Monetary Limit No. (Rs.) 1 Before Appellate Tribunal 50,00,000 2 Before High Court 1,00,00,000 3 Before Supreme Court 2,00,00,000
4. In view of the aforesaid, the appeal is disposed of accordingly. In case of any difficulty, we reserve the liberty for the Revenue to revive the tax appeal.
(J. B. PARDIWALA, J) (NISHA M. THAKORE,J) A. B. VAGHELA Page 2 of 2 Downloaded on : Sun Apr 24 08:32:15 IST 2022