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Itta/737/2017 Of Pr.commissioner Of Income Tax-2 v. M/S Knoah Solutions Pvt., Ltd

High Court 14 Oct 2019 In favour of: Assessee

Forum / Bench

High Court · taphc

Parties

Date of order

14 Oct 2019

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Itta/737/2017 Of Pr.commissioner Of Income Tax-2 v. M/S Knoah Solutions Pvt., Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.

Decision: Recording the said statement, both the appeals are dismissed as withdrawn granting liberty as aforesaid.

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 M.S.RAMACHANDRA RAO AND THE HON’BLE SRI JUSTICE K.LAKSHMAN ITTA.No.s 373 of 2015 and 737 of 2017 COMMON JUDGMENT: (Per the Hon’ble Sri Justice M.S.Ramachandra Rao) Counsel for the appellant-Revenue states that both these appeals no longer survive for consideration in view of the fact that the tax/duty effect is less than the monetary limit fixed by the Central Board of Direct Taxes, Ministry of finance, Government of India, vide Circular No.17 of 2019 dated 08.08.2019. Liberty is however sought by the learned counsel for restoration of the appeals in the event any of the exceptions have application. 2. Recording the said statement, both the appeals are dismissed as withdrawn granting liberty as aforesaid. No order as to costs. 3. Consequently, miscellaneous petitions pending if any shall stand closed. ____________________________ M.S. RAMACHANDRA RAO, J 14[th ]October, 2019. gra _________________ K.LAKSHMAN, J

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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