Itta/196/2011 Of The Commissioner Of Income Tax (Central) v. Oil Country Tubular Ltd
High Court
29 Feb 2016 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/196/2011 Of The Commissioner Of Income Tax (Central) v. Oil Country Tubular Ltd
Date of order
29 Feb 2016
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/196/2011 Of The Commissioner Of Income Tax (Central) v. Oil Country Tubular Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: Permission is accorded and the appeal is dismissed aswithdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE SRI JUSTICE RAMESH RANGANATHANANDTHE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHYI.T.T.A.No.196 of 2011
ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan)
Sri J.V.Prasad, learned Senior Standing Counsel for the IncomeTax Department, would submit that in terms of CBDT Circular No.21 of2015 dated 10.12.2015, all appeals, where the tax effect is belowRs.20,00,000/-, are required to be withdrawn and, as the value of thepresent appeal is less than Rs.20,00,000/-, the appellant may bepermitted to withdraw the appeal.
Permission is accorded and the appeal is dismissed aswithdrawn. The miscellaneous petitions pending, if any, shall alsostand dismissed. There shall be no order as to costs.
_____________________________
RAMESH RANGANATHAN, J
Date: 29.02.2016
v v
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M. SATYANARAYANA MURTHY, J
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