:1: IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION INCOME INCOME INCOME TAX APPEAL NO.27 OF 2004 TAX APPEAL NO.27 OF 2004 TAX APPEAL NO.27 OF 2004 The Commissioner of Income Tax ..Appellant Vs. M/s.Ascent Tradecom Ltd. ..Respondent None for the Appellant. Mr.J.D.Mistry i/b. Raj Darak for the Respondent. CORAM CORAM CORAM :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & V.C.DAGA, V.C.DAGA, V.C.DAGA, JJ. JJ. JJ. DATE DATE DATE : 24TH APRIL, 2007 : 24TH APRIL, 2007 : 24TH APRIL, 2007 P.C. P.C. P.C. 1. None appears for the Appellant. The Appeal stands dismissed in default. Even otherwise, the tax affect is less than Rs.4,00,000/-. In view of the Circular issued by the Government of India, Ministry of Finance, Department of Revenue, CBDT, dated 24th October,2005, the monetary limit is fixed at Rs.4,00,000/- with regard to the Appeal under Section 260 A of the Income Tax Act. As the Tax effect is less than Rs.4,00,000/-, we are not inclined to entertain the above Appeal. Hence, the Appeal stands dismissed. 2. In fact, the Appeal ought to have been withdrawn in view of the above Circular and the same was kept today under the caption "For Withdrawal" at the request of the Appellant, yesterday. (V.C.DAGA,J.) (V.C.DAGA,J.) (V.C.DAGA,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.)