Itr/1/2021 Of Accelaerated Freeze Drying Co. Limited v. The Commissioner Of Income Tax

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE S.V.BHATTI & THE HONOURABLE MR.JUSTICE BASANT BALAJI THURSDAY, THE 10 DAY OF MARCH 2022 / 19TH PHALGUNA, 1943 ITR NO. 1 OF 2021 AGAINST THE ORDER IN RA 354/1995 OF I.T.A.TRIBUNAL,COCHIN BENCH PETITIONER/S: ACCELAERATED FREEZE DRYING CO. LIMITED EZHUPUNNA BY ADV SC JOSE JOSEPH RESPONDENT/S: THE COMMISSIONER OF INCOME TAX THIRUVANANTHAPURAM BY ADVS. ANIL D. NAIR TELMA RAJU EDATHARA VINEETA KRISHNAN ARAVIND SREEKUMAR OTHER PRESENT: SC JOSE JOSEPH FOR THE PETITIONER THIS INCOME TAX REFERENCE HAVING COME UP FOR ADMISSION ON 10.03.2022, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S.V. Bhatti, J. J U D G M E N T The Reference is at the instance of the Revenue. The matter was listed on 22.02.2022 and adjourned at the request of learned Standing Counsel Mr Jose Joseph to ascertain whether the Circular issued on litigation policy is applicable to cases referred as well. Circular No.3/2018 dated 11.07.2018 of CBDT is placed before us. Paragraph 12 deals with references and reads thus: “…. Similarly, references to High Courts and SLPs/appeals before Supreme Court below the monetary limit of Rs. 50 lakhs and Rs. 1 crore respectively should be pursued for dismissal as withdrawn/not pressed. References before High Court and SLPs/appeals below these limits may not be considered henceforth.” The above Circular is placed on record. Accordingly, I.T.R. stands dismissed. Sd/- S.V.BHATTI JUDGE Sd/- BASANT BALAJI JUDGE jjj