Itta/388/2006 Of The Commissioner Of Income Tax v. Sri Kantipudi Saradi

HON’BLE SRI JUSTICE U.DURGA PRASAD RAO AND HON’BLE SRI JUSTICE T. MALLIKARJUNA RAO Income Tax Tribunal Appeal No.388 of 2006 JUDGMENT: (Per UDPR, J) When the matter is taken for up hearing today, Smt M. Kiranmayee, learned standing counsel for Income Tax Department appearing for the appellant, by referring to Circular No.17 of 2019, dated 08.08.2019, of the Central Board of Direct Taxes (CBDT), would submit that all the appeals where the tax effect is below Rs.1,00,00,000/- (Rupees One Crore only) are required to be withdrawn and as in the present appeal also the tax effect being less than Rs.1,00,00,000/-, the appeal may be permitted to be withdrawn. Learned Standing Counsel further prayed 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 CBDT, then to file an application for restoration of the appeal. Learned Standing Counsel placed on record a copy of the judgment dated 20.02.2020 in ITTA.No.185 of 2016 to submit that in similar case by referring Circular No.17 of 2019, the said appeal was permitted to be withdrawn. Having regard to the above submissions of learned Standing Counsel and on a perusal of the copy of the judgment in ITTA.No.185 of 2016, dated 20.02.2020, permission is accorded to withdraw the appeal. The appeal is, accordingly, dismissed as withdrawn with the liberty as afore-stated. No costs. As a sequel, interlocutory applications pending, if any, in this case shall stand closed. __________________________ U. DURGA PRASAD RAO, J 17.04.2023 Vjl/NKA __________________________ T. MALLIKARJUNA RAO, J Vjl/NKA HON’BLE SRI JUSTICE U.DURGA PRASAD RAO AND HON’BLE SRI JUSTICE T. MALLIKARJUNA RAO ITTA.No.388 of 2006 17.04.2023