In Ita/47/2006 Of Comnr.of Incometax v. Orissa Industries L, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: No.47 of 2006 In view of the Memo dated 03.07.2017 filed by the learned Sr.Standing Counsel for Income Tax Department 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 dismisse...
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
05. 03.07.2017
I.T.A. No.47 of 2006
In view of the Memo dated 03.07.2017 filed by the learned Sr.Standing Counsel for Income Tax Department 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present appeal is below the monetary limit according to the Circular issued by the CBDT, this appeal is dismissed as withdrawn.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 counsel for the Income T
ax Department.
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I.Mahanty,J.
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Biswajit Mohanty,J.
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