Itta/19/2019 Of Pr. Comissioner Of Income Tax-Ii v. Svc Projects Pvt.ltd
High Court
13 Sep 2019 In favour of: Assessee
Forum / Bench
High Court · aphc
Parties
Itta/19/2019 Of Pr. Comissioner Of Income Tax-Ii v. Svc Projects Pvt.ltd
Date of order
13 Sep 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/19/2019 Of Pr. Comissioner Of Income Tax-Ii v. Svc Projects Pvt.ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is, accordingly, dismissed as withdrawn with the liberty aforestated.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HONOURABLE SRI JUSTICE M. SEETHARAMA MURTI
AND
THE HONOURABLE MS. JUSTICE J.UMA DEVI
I.T.T.A. No.310 of 2018
JUDGMENT: (Per the Honourable Sri Justice M.Seetharama Murti)
Learned standing counsel for Income Tax Department appearing for the appellant would submit that in terms of Central Board of Direct Taxes’s (CBDT) Circular No.17 of 2019, dated 08.08.2019, all appeals where the tax effect is below Rs.1,00,00,000/- are required to be withdrawn and as the value of the present appeal is less than Rs.1,00,00,000/-, the appellant may be permitted to withdraw the appeal. Learned standing counsel would further submit that liberty may be granted in case it were to be found later that the subject matter of the appeal falls within the exceptions mentioned in the aforestated Circular issued by the Central Board to file an application for restoration of the appeal.
2. The appeal is, accordingly, dismissed as withdrawn with the liberty
aforestated. No order as to costs.
Pending miscellaneous petitions, if any, shall also stand dismissed.
_________________________
M. SEETHARAMA MURTI, J
13[th] September, 2019
GHN/IKN
_____________
J.UMA DEVI, J
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