Itta/545/2015 Of The Pr. Commissioner Of Income Tax (Central) v. M/S. Vinayaka Educational Soceity
High Court
01 Jun 2016 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/545/2015 Of The Pr. Commissioner Of Income Tax (Central) v. M/S. Vinayaka Educational Soceity
Date of order
01 Jun 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/545/2015 Of The Pr. Commissioner Of Income Tax (Central) v. M/S. Vinayaka Educational Soceity, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: Permission is accorded and the appeal is dismissed aswithdrawn.
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 MURTHYI.T.T.A.No.545 of 2015
ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan)
Sri J.V.Prasad, learned Senior Standing Counsel for the IncomeTax Department, would submit that in terms of CBDT Circular No.21 of2015 dated 10.12.2015, all appeals, where the tax effect is belowRs.20,00,000/-, are required to be withdrawn and, as the value of thepresent appeal is less than Rs.20,00,000/-, the appellant may bepermitted to withdraw the appeal.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 aswithdrawn. The miscellaneous petitions pending, if any, shall alsostand dismissed. There shall be no order as to costs.
_____________________________
RAMESH RANGANATHAN, J
Date: 01.06.2016v v
___________________________________
M. SATYANARAYANA MURTHY, J
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