Non-prosecution of appeal on account of tax effect involved being less than prescribed monetary limit

Pr. CIT Vs Choudhary Exports (Bombay High Court)

1] This appeal relates to Assessment Year 2009-10.

2] The learned Counsel for the Appellant submits that the tax effect involved in the present appeal is less than Rs.20 lakhs and as per the CBDT Circular No.21 of 2015 dated 10^th December, 2015, the Department has taken a policy decision not to prosecute the appeals wherein the tax effect is less than Rs.20 lakhs.

3] In the light of the above, the learned Counsel for the Appellant seeks leave to withdraw the appeal.

4] The Appeal stands disposed of as withdrawn. No costs.

5] Needless to state that the question of law raised is kept open.

6]The Court Fees as per Rules, be refunded.