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 TAX REFERENCE NO.54 OF 1995 The Commissioner of Income Tax .. Applicant Central I Bombay Vs. M/s Ipca Laboratories P.Ltd ... Respondent Mr.P.S.Sahadevan for Appellant Mr.Rahul Kulkarni i.b Mr.K.Shivram for Respondent CORAM CORAM CORAM : Dr.S.Radhakrishnan and : Dr.S.Radhakrishnan and : Dr.S.Radhakrishnan and A.V.Nirgude, A.V.Nirgude, A.V.Nirgude, JJ JJ JJ DATE DATE DATE : 14th July, 2008 : 14th July, 2008 : 14th July, 2008 P.C. P.C. P.C. 1. Heard learned counsel for the appellant and learned counsel for the respondent. Learned counsel for the appellant states that the tax effect is less than Rs.4,00,000/- and the department is not keen to proceed with the above matter in view of the CBDT Circular. Hence, Rule stands discharged. Reference is returned back unanswered. { A.V.Nirgude, J } { Dr.S.Radhakrishnan, J } A.V.Nirgude, J } { Dr.S.Radhakrishnan, J } A.V.Nirgude, J } { Dr.S.Radhakrishnan, J }