Itl/92/2010 Of The Commissioner Of Income Tax-Iii v. M/S Corporate Ispat Alloys

1/2 IN THE HIGH COURT OF JUDICATURE AT BOMBAYNAGPUR BENCH, NAGPUR. INCOME TAX APPEAL NO. 92 OF 2010 The Commissioner of Income Tax-III-Vs.- M/s.Corporate Ispat Alloys Appellant. Respondent. Mr.Anand Parchure, Advocate for the Appellant.Mr.K.P. Dewani, Advocate for the Respondent. P.C.: CORAM : NITIN JAMDAR AND ANIL S. KILOR, JJ.DATE : 12 FEBRUARY 2021 This Appeal is filed by the Revenue under section 260-A ofthe Income Tax Act, 1961. The Appeal was placed on board on27 January 2021 and the following order was passed. “This group of matters has been listed on board‘For Directions’, in view of the fact that the tax effectinvolved in these Appeals is below the limits stipulatedin the Central Board Direct Taxes circular dated 8August 2019 and as per the circular, a policy decision istaken not to press the Appeals and withdraw the same.The circular was issued as far back as in August, 2019and in view of the Litigation Policy, the Appeals have tobe withdrawn as early as possible. However, the Appealshave remained pending in spite of the fact that thebelow tax effect for almost one and half years. 2.Place these Appeals on board under the caption“For Orders” on 12 February 2021. 2/2 3.The Principal Chief Commissioner of IncomeTax, Nagpur will depute an Officer to assist the Counselfor the Appellant-Department in examining thesematters and giving instructions for the purpose ofwithdrawal of these Appeals. 4.The Registry will also extend cooperation for thesaid exercise. 5.The copy of this order be sent to the PrincipalChief Commissioner of Income Tax, Nagpur to takenecessary steps. 6.The signed copy of this order be placed in IncomeTax Appeal No.15 of 2003 and office copies in othermatters.” 2.The learned counsel for the Appellant states thatinstructions are received to withdraw the Appeal since the taxeffect involved in this Appeal is below Rupees One Crore asstipulated in the Circular issued by the Central Board Direct Taxeson 8 August 2019, which in furtherance of the earlier Circularsdated 11 July 2018 and 20 August 2018. A Pursis to that effect isalso filed on record. 3.The Appeal is accordingly disposed of as withdrawn asabove. (ANIL S. KILOR, J) (NITIN JAMDAR, J) GhanshyamKhunteDigitally signedby GhanshyamKhunteDate: 2021.02.1815:24:59 +0530