Bombay High Court
PR COMMISSIONER OF INCOME TAX 1versusFIRMENICH AROMATICS PRODUCTION INDIA PVT LTD
- Decided
- Disposal
- WITHDRAWN
Holding
The appeal is allowed to be withdrawn.
Summary
The Principal Commissioner of Income Tax appealed against Firmenich Aromatics Production (India) Pvt. Ltd. concerning a tax liability of Rs.1,83,78,344 for assessment year 2017-18. The appellant relied on Circular No.9/2024 issued by the CBDT, which indicated that proceedings were unnecessary in such circumstances. The High Court considered the tax effect and the guidance in the circular and permitted the withdrawal of the appeal. Consequently, the appeal was allowed to be withdrawn, the interim application was dismissed, no costs were awarded, and court fees were to be refunded. The Court expressly kept the questions of law open for future reference.
Issues considered
- Whether the income tax appeal should be withdrawn in view of Circular No.9/2024 issued by the CBDT
Subjects
- Income Tax
- Appeal
- Withdrawal
- CBDT Circular
- Assessment Year 2017-18
- Court Fees
Judgment
2.ITXAL4130_2024.DOC
2026:BHC-OS:19548-DB
Vidya Amin
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO. 4130 OF 2024
WITH
INTERIM APPLICATION NO. 768 OF 2026
Principal Commissioner of Income Tax 1 … Appellant/Applicant
Vs.
Firmenich Aromatics Production (India) Pvt. Ltd. … Respondent
_________
Mr. Suresh Kumar for the appellant/applicant.
Mr. Paras S. Savla a/w. Pratik Poddar, Rajnadini Shukla for the respondent.
__________
CORAM: G. S. KULKARNI &
DR. NEELA GOKHALE, JJ.
DATE: 28 AUGUST, 2026.
P.C.
1. Mr. Suresh Kumar, learned counsel for the Appellant-Revenue, on
instructions, states that present appeal involves tax effect of Rs. 1,83,78,344/-. In
this view of the matter, considering the tax effect and in terms of Circular
No.9/2024, dated 17th September 2024 issued by CBDT, the proceedings are not
needed to be taken forward. The assessment year in question in the present
appeal is A.Y. 2017-18.
2. The appeal is accordingly allowed to be withdrawn.
3. Disposed of. No costs.
4. Refund of court fees as per rules.
5. The questions of law are expressly kept open.
6. Interim application would not survive. It is accordingly disposed of.
(DR. NEELA GOKHALE, J.) (G. S. KULKARNI, J.)
Signed by: Vidya S. Amin Page 1 of 1
Designation: PS To Honourable Judge 28 August, 2026
Date: 02/09/2026 12:04:55
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