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2016 (8) TMI 1267 - BOMBAY HIGH COURTMonetary limit - Maintainability of appeal - References on board - Held that:- The Central Board of Direct Tax has issued a Clarification dated 8th March, 2016 – wherein the earlier Circular No.21 of 2015 dated 10th December, 2015 was made applicable to pending References. Therefore, the Officers of the Revenue would not now press pending References before this Court where the tax effect involved is less than ₹ 20 lakhs. Revenue is directed to examine each of the above References and ascertain the tax effect involved in each of them. Thereafter, file an affidavit, indicating the References where the tax effect involved is less than ₹ 20 lakhs. Affidavit should be filed on or before next date i.e. 29th July, 2016. These References which have tax effect of less than ₹ 20 lakhs, would be covered by the above Circular. It is made clear that in case the aforesaid exercise is not done, then we may be constrained to return all the above References unanswered. All the above References to be on board on 29th July, 2016 under the caption “for final disposal.” Today none appears on behalf of the Revenue. It appears that Revenue is not interested in pursuing the aforesaid References. We had specifically stated in our order dated 22nd July, 2016 that in case the exercise of finding out the tax effect in pending References is not done by the Revenue, we may be constrained to return References unanswered. In the above view, the aforesaid References are returned unanswered. Question raised in these References for our opinion are left open for consideration in an appropriate Reference/Proceedings.
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