itxa6181-10 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.6181 OF 2010 The Commissioner of Income Tax-18, Mumbai ....Appellant V/s. M/s.Ram & Co. ....Respondent Ms.P.S. Cardozo for the Appellant. Mr.Atul K. Jasani for the Respondent. CORAM : S.J. VAZIFDAR AND M.S. SANKLECHA, JJ. DATE : 8TH AUGUST, 2012. P.C. :- 1. This is an appeal under section 260-A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal (ITAT) dated 22.7.2008 in ITA No.3059/Mum/2006 in respect of the Assessment Year 1998-1999. 2. Admittedly, the tax effect is less than Rs.10.00 lacs. Moreover, the subject matter being one of penalty, there is no question of the issue recurring in the respondent's case. 3. In the circumstances, in view of the circular of the CBDT, the appeal is dismissed. (M.S. SANKLECHA, J.) (S.J. VAZIFDAR, J.) 1/1