Itta/445/2006 Of The Commissioner Of Income Tax -V v. The Armed Forces Officers Co-Op Housing Soc. Ltd
High Court
22 Mar 2016 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/445/2006 Of The Commissioner Of Income Tax -V v. The Armed Forces Officers Co-Op Housing Soc. Ltd
Date of order
22 Mar 2016
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/445/2006 Of The Commissioner Of Income Tax -V v. The Armed Forces Officers Co-Op Housing Soc. Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: Granting liberty as sought for, the appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE SRI JUSTICE RAMESH RANGANATHANANDTHE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHYI.T.T.A.No.445 of 2006
ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan)
Learned Senior Standing Counsel for the Income Tax Department,would submit that, in terms of CBDT Circular No.21 of 2015 dated10.12.2015, all appeals, where the tax effect is below Rs.20,00,000/-, arerequired to be withdrawn and, as the value of the present appeal is lessthan Rs.20,00,000/-, the appellant may be permitted to withdraw theappeal. Learned counsel would further submit that liberty may be granted,in case it were to be found later that the subject matter of the appeal fallswithin the exceptions mentioned in the aforesaid Circular issued by theCentral Board, to file an application for restoration of the appeal.
Granting liberty as sought for, the appeal is dismissed as withdrawn.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:22.03.2016JSU
___________________________________
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.445 of 2006
Date:22.03.2016
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