Itta/190/2007 Of Commissioner Of Income Tax, Rajahmundry v. M/S. Murala Venkateswara Rao And Others

THE HON’BLE SRI JUSTICE RAMESH RANGANATHANAND THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY I.T.T.A.No.190 of 2007 ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan) Learned Senior Standing Counsel for the Income Tax Department,would submit that, in terms of CBDT Circular No.21 of 2015 dated10.12.2015, all appeals, where the tax effect is below Rs.20,00,000/-, arerequired to be withdrawn and, as the value of the present appeal is less than Rs.20,00,000/-, the appellant may be permitted to withdraw the appeal. Learned counsel would further submit that liberty may be granted, in case itwere to be found later that the subject matter of the appeal falls within theexceptions mentioned in the aforesaid Circular issued by the Central Board,to file an application for restoration of the appeal. Granting liberty as sought for, the appeal is dismissed as withdrawn. The miscellaneous petitions pending, if any, shall also stand dismissed.There shall be no order as to costs. _____________________________ RAMESH RANGANATHAN, J Date:22.03.2016JSU ___________________________________ M. SATYANARAYANA MURTHY, J THE HON’BLE SRI JUSTICE RAMESH RANGANATHANAND THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY JSU I.T.T.A.No.190 of 2007 Date:22.03.2016