IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION Income Tax Application No. 452 of 1999 The Commissioner of Income Tax, Mumbai .. Applicant V/s. British Bank of Middle East, Mumbai .. Respondent Mr. Prem Vyas for the Applicant None present for the Respondent CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & A.S. AGUIAR, JJ. A.S. AGUIAR, JJ. A.S. AGUIAR, JJ. DATED : 14.06.2005. DATED : 14.06.2005. DATED : 14.06.2005. P.C.:- P.C.:- P.C.:- 1. Heard the learned counsel for the Applicant. Perused the assessment order. 2. The claim involved in the above Application is less than Rs. 2 Lakhs. We have also perused the judgment of the Division Bench of this Court in the case of Commissioner of Income Tax v. Camco Colour Co., Commissioner of Income Tax v. Camco Colour Co., Commissioner of Income Tax v. Camco Colour Co., reported in (2002) 254 ITR 565 (Bom.) reported in (2002) 254 ITR 565 (Bom.) reported in (2002) 254 ITR 565 (Bom.). In view of the policy decision taken by Central Board of Direct Taxes ("CBDT" for short) vide Circular F. No. 279/126/98-ITJ dated 27/3/2000 wherein the Revenue has decided not to file any Appeal or Reference, if the tax liability is less than Rs. 2 Lakhs. 3. As in the present case, the tax liability is less than Rs. 2 Lakhs, we dissmiss the above Application. (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (A.S. AGUIAR, J.) (A.S. AGUIAR, J.) (A.S. AGUIAR, J.)