Itta/328/2017 Of The Commr Of Income Tax, Hyderabad v. M/S Midwest Granites Pvt Ltd., Hyd
High Court
29 Oct 2019 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/328/2017 Of The Commr Of Income Tax, Hyderabad v. M/S Midwest Granites Pvt Ltd., Hyd
Date of order
29 Oct 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/328/2017 Of The Commr Of Income Tax, Hyderabad v. M/S Midwest Granites Pvt Ltd., Hyd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: Recording the said statement, the appeal is dismissed as withdrawn with the liberty aforestated.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO AND HONOURABLE SRI JUSTICE K.LAKSHMAN
I.T.T.A. No.328 OF 2017
JUDGMENT:(Per Honourable Sri Justice M.S.Ramachandra Rao)
Heard Ms. K. Mamata, learned standing counsel for the appellant, and Sri MN Advocates, learned counsel for the respondent.
2. Ms. K. Mamata, learned standing counsel for the appellant-
Revenue, states that this appeal no longer survives for consideration in view of the fact that the tax/duty effect is less than the monetary limit fixed by the Central Board of Direct Taxes, Ministry of Finance, Government of India, vide Circular No.17 of 2019 dated 08.08.2019 and Circular No.23 of 2019 dated 06.09.2019. Liberty is however sought by the learned senior standing counsel for restoration of the appeal in the event any of the exceptions have application.
3. Recording the said statement, the appeal is dismissed as withdrawn with the liberty aforestated. Pending miscellaneous petitions, if any, shall also stand dismissed. No order as to costs.
____________________________
M.S.RAMACHANDRA RAO, J
OCTOBER 29, 2019
KTL/Mgr
_________________
K. LAKSHMAN, J
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