Itta/402/2010 Of Commissioner Of Income Tax-Ii v. Sri Bhagwandas Karwa

THE HON’BLE SRI JUSTICE RAMESH RANGANATHANANDTHE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY I.T.T.A.No.402 of 2010 ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan) Sri K.Raji Reddy, learned Senior Standing Counsel for theIncome Tax Department, would submit that, in terms of CBDT CircularNo.21 of 2015 dated 10.12.2015, all appeals, where the tax effect isbelow Rs.20,00,000/-, are required to be withdrawn and, as the valueof the present appeal is less than Rs.20,00,000/-, the appellant maybe permitted to withdraw the appeal. Learned counsel would furthersubmit that liberty may be granted, in case it were to be found later thatthe subject matter of the appeal falls within the exceptions mentionedin the aforesaid Circular issued by the Central Board, to file anapplication for restoration of the appeal. Granting liberty as sought for, 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:21.03.2016MRKR / CS ___________________________________ M. SATYANARAYANA MURTHY, J THE HON’BLE SRI JUSTICE RAMESH RANGANATHAN AND THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY MRKR / CS I.T.T.A.No.402 of 2010 Date:21.03.2016