Ita/100045/2017 Of The Pr Commissioner Of Income Tax v. Sayed Abdubakar Riyaz

1 IN THE HIGH COURT OF KARNATAKA DHARWAD BENCH DATED THIS THE 7 DAY OF DECEMBER, 2018 PRESENT THE HON’BLE MRS. JUSTICE B.V. NAGARATHNA AND THE HON’BLE MR. JUSTICE BELLUNKE A.S. I.T.A. No.100045/2017 BETWEEN: THE PR.COMMISSIONER OF INCOME TAX, F.K.COMPLEX, OPP. DISTRICT HOSPITAL, DR.B.R.AMBEDKAR ROAD, BELAGAVI. ... APPELLANT (BY SRI Y.V.RAVIRAJ, ADVOCATE) AND SAYED ABUBAKAR RIYAZ, M/S S M STEELS, PATIL GALLI, BELAGAVI-590001, PAN: . ... RESPONDENT (BY SRI SANGRAM S.KULKARNI, ADVOCATE) THIS APPEAL ISFILED UNDER SECTION 260A OF THE INCOME TAX ACT, 1961, PRAYING TO FORMULATE THE SUBSTANTIAL QUESTION OF LAW AS STATED ABOVE; ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, PANAJI BENCH PANAJI IN ITA NO.102/PAN/2016, DATED 16.06.2017 AND CONFIRM THE ORDER DATED 31.03.2016 PASSED BY THE PR.COMMISSIONER OF INCOME TAX, BELAGAVI. THIS APPEAL COMING ON FOR ADMISSION THIS DAY, NAGARATHNA J., DELIVERED THE FOLLOWING: J U D G M E N T Learned standing counsel for the appellant/ Department submits that in view of latest Circular dated 11.07.2018 revising the monetary limits for filing of appeals by the Department inter alia, before the High Court to Rs.50,00,000/-, this appeal which was filed prior to issuance of the Circular on 17.11.2017, would not survive for further consideration. He further submits that appropriate orders may be made in that regard. 2.Learned counsel for the respondent also submits that having regard to the Circular dated 11.07.2018, this Court may pass appropriate orders. 3.In the circumstances, the appellant is permitted to withdraw this appeal. Appeal is dismissed as withdrawn. SD/- JUDGE SD/- JUDGE CLK