Ita/211/2017 Of Assistant Commissioner Of Income Tax v. M/S Sanwaria Agro Oils Ltd

The High Court Of Madhya PradeshITA-211-2017 (ASSISTANT COMMISSIONER OF INCOME TAXVs M/S SANWARIA AGRO OILS LTD.) [23][-][07][-][2018]Jabalpur, Dated : Shri Sanjay Lal, learned counsel for the appellant. The learned counsel for appellant/Revenue submits that theGovernment of India, Department of Revenue, Central Board DirectTaxes, New Delhi has issued Circular No.3/2018 on 11.7.2018 bywhich, with a view to reduce the pendency of cases before severalCourts, the monetary limits prescribed for filing appeal by theDepartment for contesting matters, has been enhanced to Rs.50,00,000/-as far as the High Court is concerned. The learned counsel for the Revenue points out, by readingparagraph 13 of said circular, that the aforesaid enhanced limit has beenmade applicable retrospectively to pending appeals with a clearstipulation and decision that all the pending appeals below the specifiedtax limit may be withdrawn as not pressed. The learned counsel for the appellant points out that a perusal ofstatement of facts indicates that the tax effect involved in the presentappeal is Rs.34,84,000/- and, therefore, in terms of circular No.3/2018dated 11.7.2018, the present appeal may be permitted to be withdrawn. The prayer is allowed. It needs no emphasis to state that we have not expressed anyopinion on the merits or otherwise on the legal issues raised by theappellant, in the present appeal. With the aforesaid observation, the appeal filed by the appellant isdismissed as withdrawn. C.C. as per rules. (RAVI SHANKAR JHA)JUDGE (MOHD. FAHIM ANWAR)JUDGE sj