Commissioner of Income Tax, vs. Agricultural Market Committee,

C/TAXAP/115/2012 ORDER IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 115 of 2012 ========================================================== DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION) Versus JOINT STOCK COMPANY ZANGAS ========================================================== Appearance: MR.VARUN K.PATEL(3802) for the Appellant(s) No. 1 MR MANISH J SHAH(1320) for the Opponent(s) No. 1 MR NITIN K MEHTA(3286) for the Opponent(s) No. 1 ========================================================== CORAM: HONOURABLE MR. JUSTICE J.B.PARDIWALA and HONOURABLE MR. JUSTICE ILESH J. VORA

Date : 24/12/2020

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   8thAugust, 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 8th August, 2019 issued by the Government of India, Ministry of Finance, Department 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: Page 1 of 2

C/TAXAP/115/2012 ORDER Sr. No. Appeals/SLPs   in   Income­tax matters Monetary Limit (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) (ILESH J. VORA,J) A. B. VAGHELA / chandresh Page 2 of 2