Itta/559/2015 Of Principal Commissioner Of Income Tax-5 v. M/S. Vbc Industries Limited
High Court
16 Feb 2016 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/559/2015 Of Principal Commissioner Of Income Tax-5 v. M/S. Vbc Industries Limited
Date of order
16 Feb 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/559/2015 Of Principal Commissioner Of Income Tax-5 v. M/S. Vbc Industries Limited, 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 RANGANATHANANDTHE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY
I.T.T.A.No.559 of 2015
ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan)
Sri B.Narasimha Sarma, learned Senior Standing Counsel forthe Income Tax Department, would submit that in terms of CBDTCircular No.21 of 2015 dated 10.12.2015, all appeals, where the taxeffect is below Rs.20,00,000/-, are required to be withdrawn and, asthe value of the present appeal is less than Rs.20,00,000/-, theappellant may be permitted to withdraw the appeal.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: 16.02.2016JSU
___________________________________
M. SATYANARAYANA MURTHY, J
THE HON’BLE SRI JUSTICE RAMESH RANGANATHANAND
THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY
JSU
I.T.T.A.No.559 of 2015
Date:16.02.2016
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