Appellant permitted to withdraw appeal for AY 2009-10 under Rs. 20 lakh tax effect.

The High Court of Bombay allowed the appellant to withdraw the appeal for Assessment Year 2009-10 due to the tax effect being less than Rs. 20 lakhs, in line with a CBDT circular. The appeal was disposed of as withdrawn with no costs, and the question of law raised was left open, with court fees to be refunded.

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The High Court of Bombay heard a case related to Assessment Year 2009-10 where the tax effect was less than Rs. 20 lakhs. The appellant sought to withdraw the appeal in accordance with a CBDT circular. The appeal was disposed of as withdrawn with no costs, and the question of law raised was kept open. Court fees were to be refunded.

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