Itta/433/2005 Of Commissioner Of Income Tax v. Sri Bulusu Udaya Bhaskar
High Court
14 Mar 2016 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/433/2005 Of Commissioner Of Income Tax v. Sri Bulusu Udaya Bhaskar
Date of order
14 Mar 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/433/2005 Of Commissioner Of Income Tax v. Sri Bulusu Udaya Bhaskar, the High Court (2016) 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Decision: Permission is accorded and the appeal is dismissed as withdrawn.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 RANGANATHANAND
THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY
I.T.T.A.No.433 of 2005
ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan)
Sri B.Narasimha Sarma, 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CircularNo.21 of 2015 dated 10.12.2015, all appeals, where the tax effect is belowRs.20,00,000/-, are required to be withdrawn and, as the value of thepresent appeal is less than Rs.20,00,000/-, the appellant may bepermitted to withdraw the appeal.
Permission is accorded and the appeal is dismissed as withdrawn. The miscellaneous petitions pending, if any, shall also stand dismissed.There shall be no order as to costs.
_____________________________
RAMESH RANGANATHAN, J
Date:14.03.2016JSU
___________________________________
M. SATYANARAYANA MURTHY, J
THE HON’BLE SRI JUSTICE RAMESH RANGANATHAN
AND
THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY
JSU
I.T.T.A.No. 433 of 2005
Date:14.03.2016
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