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Itta/86/2012 Of The Commissioner Of Income Tax Tax-I v. M/S. Andhra Bank Financial Services Ltd

High Court 24 Oct 2019 In favour of: Assessee

Forum / Bench

High Court · taphc

Parties

Date of order

24 Oct 2019

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Itta/86/2012 Of The Commissioner Of Income Tax Tax-I v. M/S. Andhra Bank Financial Services Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.

Decision: Recording the said statement, the appeal is dismissed as withdrawn with the liberty aforestated.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO AND HONOURABLE SRI JUSTICE K.LAKSHMAN I.T.T.A. NO.86 OF 2012 JUDGMENT (Per Honourable Sri Justice M.S.Ramachandra Rao) Heard Sri K.Raji Reddy, learned senior standing counsel for the appellant, and Dr. C.P.Ramaswami, learned counsel for the respondent. 2. Sri K.Raji Reddy, learned senior standing counsel for the appellant-Revenue, states that this appeal no longer survives 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 and Circular No.23 of 2019 dated 06.09.2019. Liberty is however sought by the learned senior standing counsel for restoration of the appeal in the event any of the exceptions have application. 3. Recording the said statement, the appeal is dismissed as withdrawn with the liberty aforestated. Pending miscellaneous petitions, if any, shall also stand dismissed. No order as to costs. ____________________________ M.S.RAMACHANDRA RAO, J 24[th] OCTOBER, 2019 Svv _________________ K. LAKSHMAN, J

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