Ita/193/2016 Of The Pr. Commissioner Of Income Tax (Central) v. M/S Micro Ethicals

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27 DAY OF SEPTEMBER, 2018 PRESENT HON’BLE MR.JUSTICE DINESH MAHESHWARI, CHIEF JUSTICE AND HON’BLE MR.JUSTICE S.G.PANDIT INCOME TAX APPEAL NO.193 OF 2016 BETWEEN: 1.THE PR. COMMISSIONER OF INCOME TAX (CENTRAL) C.R. BUILDING, QUEENS ROAD BANGALORE - 560 001. INCOME TAX (CENTRAL) C.R. BUILDING, QUEENS ROAD BANGALORE - 560 001. 2. THE DEPUTY COMMISSIONER OF INCOME LTU, BANGALORE OF INCOME LTU, BANGALORE ... APPELLANTS (BY SRI JEEVAN J. NEERALGI, ADVOCATE) AND: M/S. MICRO ETHICALS (NOW MERGED WITH MICRO LABS LTD) NO.27, RACE COURSE ROAD BANGALORE. ... RESPONDENT --- THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT, 1961, ARISING OUT OF ORDER DATED: 16.09.2015 PASSED IN ITA NO.3/BANG/2014, FOR THE ASSESSMENT YEAR 1988-89 TO 1998-99 PRAYING TO: (1) DECIDE THE FOREGOING QUESTION OF LAW AND / OR SUCH OTHER QUESTIONS OF LAW AS MAY BE FORMULATED BY THE HON'BLE COURT AS DEEMED FIT. (2) SET ASIDE THE APPELLATE ORDER DATED:16.09.2015 PASSED BY THE ITAT. 'C' BENCH, BENGALURU, AS SOUGHT FOR, IN THE RESPONDENT-ASSESSEE'S CASE, IN APPEAL PROCEEDINGS IN ITA NO. 3/BANG/2014 FOR A.Y. 1988-89 TO 1998-99 & ETC. THIS APPEAL COMING ON FOR ADMISSION, THIS DAY, THE CHIEF JUSTICE DELIVERED THE FOLLOWING: JUDGMENT Learned counsel for the appellants has moved a memo with the submissions that in view of the Circular No.3/2018 dated 11.07.2018 on the monetary limit for filing of the appeal by the Income Tax Department before the Income-Tax Appellate Tribunal, this Court as also the Hon’ble Supreme Court, the appeal is not maintainable and seeks permission to withdraw. Permission granted. This appeal is dismissed as withdrawn. Sd/- CHIEF JUSTICE Sd/- JUDGE