Appeal Dismissed under Section 260A for Low Tax Effect: Counsel Withdraws, Court Fees Refunded

The High Court of Bombay dismissed an appeal under Section 260A of the Income Tax Act, 1961 due to the tax effect being below the prescribed threshold of Rs. 50 Lacs. The appellant's counsel withdrew the appeal, and court fees were refunded in accordance with the rules.

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The High Court of Bombay dismissed an appeal under Section 260A of the Income Tax Act, 1961 as the tax effect involved was less than the threshold limit of Rs. 50 Lacs as per CBDT Circular No. 3 of 2018. The appeal was withdrawn by the appellant's counsel, and court fees were refunded as per rules.

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