Itta/233/2019 Of Pr Commissioner Of Income Tax v. Dredging Corporation Of India Limited

THE HON’BLE SRI JUSTICE A.V.SESHA SAI AND THE HON’BLE SRI JUSTICE R.RAGHUNANDAN RAO INCOME TAX TRIBUNAL APPEAL No.233 of 2019 JUDGMENT:(per the Hon’ble Sri Justice A.V. Sesha Sai) Learned Standing Counsel for Income Tax Department appearing for the appellant would submit that, in terms of Circular No.17 of 2019, dated 08.08.2019, of the Central Board of Direct Taxes (CBTD), all appeals where the tax effect is below Rs.1,00,00,000/- are required to be withdrawn and, as the value of the present appeal is less than Rs.1,00,00,000/-, the appellant may be permitted to withdraw the appeal.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 Circular No.3 of 2018, dated 11.07.2018, issued by the CBTD, to file an application for restoration of the appeal. The appeal is, accordingly, dismissed as withdrawn with the liberty afore-stated. There shall be no order as to costs. As a sequel thereto, miscellaneous petitions pending, if any in the Income Tax Tribunal Appeal, shall stand closed. __________________ A.V.SESHA SAI, J _________________________ R.RAGHUNANDAN RAO, J