Itta/60/2004 Of Commissioner Of Income Tax v. M/S. Kcp Limited

THE HON’BLE SRI JUSTICE RAMESH RANGANATHANANDTHE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY I.T.T.A.No.60 of 2004 ORDER:(per Hon’ble Sri Justice Ramesh Ranganathan) Learned Senior Standing Counsel for the Income TaxDepartment, 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Circular No.21 of2015 dated 10.12.2015, all appeals, where the tax effect is belowRs.20,00,000/-, are required to be withdrawn and, as the value of thepresent appeal is less than Rs.20,00,000/-, the appellant may bepermitted to withdraw the appeal. Learned counsel would furthersubmit that liberty may be granted, in case it were to be found later thatthe subject matter of the appeal falls within the exceptions mentionedin the aforesaid Circular issued by the Central Board, to file anapplication for restoration of the appeal. Granting liberty as sought for, 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:07.04.2016VV ___________________________________ M. SATYANARAYANA MURTHY, J THE HON’BLE SRI JUSTICE RAMESH RANGANATHAN AND THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY VV I.T.T.A.No.60 of 2004 Date:07.04.2016