In Ita/135/2004 Of Comnr.of Incometax v. Metalloy India, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 19.09.2016 In view of the Memo dated 12.9.2016 filed by the learned counsel for the appellant seeking withdrawal of the appeal since the tax effect involved in the present appeal is below the monetary limit according to the Circular issued by the CBDT, this appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
I.T.A. No.135 of 2004
04. 19.09.2016 In view of the Memo dated 12.9.2016 filed by the learned counsel for the appellant seeking withdrawal of the appeal since the tax effect involved in the present appeal is below the monetary limit according to the Circular issued by the CBDT, this appeal is dismissed as withdrawn.
Free copy of this order be handed over to the learned Sr. Standing counsel for Income Tax Department.
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I. Mahant
y,J.
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Biswajit Moh
anty,J.
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