1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPLICATION NO.368 OF 1999 The Director of Income Tax (Exemption), Mumbai .. Petitioner. V/s. St.Sebastian’s Education Trust .. Respondent. Mr.P.S. Sahadevan for the petitioner. Ms.Aasifa Khan for the respondent. CORAM : DR.S. RADHAKRISHNAN & J.P. DEVADHAR, JJ. DATED : 12TH MARCH, 2007. P.C. : 1. Heard the learned counsel for the petitioner and the learned counsel for the respondent. 2. The application pertains to the AY 1992-93 and the tax liability is only Rs.41,600/-. As the tax liability is below Rs.2,00,000/- and in view of the circular of the revenue dated 27th March, 2000 the above application stands dismissed. (DR.S. RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.)