Itta/362/2018 Of The Principal Commissioner Of Income Tax v. M/S.midwest Granites Private Limited
High Court
16 Aug 2018 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/362/2018 Of The Principal Commissioner Of Income Tax v. M/S.midwest Granites Private Limited
Date of order
16 Aug 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/362/2018 Of The Principal Commissioner Of Income Tax v. M/S.midwest Granites Private Limited, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Permission is accorded and the appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
THE HON’BLE SRI JUSTICE RAMESH RANGANATHAN
AND
THE HON’BLE SMT JUSTICE KONGARA VIJAYA LAKSHMI
ITTA.NO.362 OF 2018
JUDGMENT:{Per the Hon’ble Sri Justice Ramesh Ranganathan}
Sri J.V.Prasad, learned Senior Standing Counsel for Income Tax, would submit that, in the light of the Circular No.3/2018 dated 11.07.2018 issued by the Central Board Direct Taxes revising the monetary limit for filing an appeal to Rs.50,00,000/-, the present appeal is liable to be dismissed as withdrawn since the value of this appeal is far below the abovementioned monetary limit.
Permission is accorded and the appeal is dismissed as withdrawn. There shall be no order as to costs. Miscellaneous petitions, if any, pending shall stand dismissed.
_______________________________ (RAMESH RANGANATHAN, J)
__________________________________
(KONGARA VIJAYA LAKSHMI, J)
16[th] August 2018 RRB
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