Itta/545/2010 Of Commissioner Of Income Tax v. Agricultural Market Committee

THE HONOURABLE SRI JUSTICE A.V. SESHA SAI AND THE HONOURABLE JUSTICE RAVI NATH TILHARI I.T.T.A. NO.545 OF 2010 JUDGMENT: (Per Hon’ble Sri Justice A.V. Sesha Sai) The learned Standing Counsel for the Income Tax Department, Smt. M. Kiranmayi, would submit that in terms of Central Board of Direct Taxes Circular No.17 of 2019, dated 08.08.2019, all appeals where the tax effect is below Rs.1,00,00,000/- are required to be withdrawn, and as the value of the present appeal is less than Rs.1,00,00,000/-, the appellant may be permitted to withdraw the appeal. The 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 falls within the exceptions mentioned in the circular issued by the Central Board to file an application for restoration of the appeal. 2. Accordingly, this Appeal is dismissed as withdrawn with the liberty sought for. There shall be no order as to costs of the Appeal. As a sequel, the Miscellaneous Applications pending, if any, in the appeal shall stand closed. ___________________ JUSTICE A.V. SESHA SAI 2[nd] May, 2022 ________________________ JUSTICE RAVI NATH TILHARI GBS.