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2019 (4) TMI 1167 - KARNATAKA HIGH COURTMonetary limit - maintainability of appeal - tax effect - HELD THAT:- The present appeal filed by the Revenue neither has any cascading tax effect nor it involves any issues of common principles involved in a group of matters or a large number of matters. Thus, the decision initially pointed out by the learned counsel for the appellant-Revenue in the case of CIT v. Gemini Distilleries [2017 (10) TMI 1275 - SUPREME COURT OF INDIA] does not come in the way of the present appeal being withdrawn and the withdrawal of the appeal can be permitted as per recent Central Board of Direct Taxes' circular dated July 11, 2018. Assessee does not dispute this position. Accordingly, in view of the aforesaid reasons and the Circular dated July 11, 2018 issued by the Central Board of Direct Taxes, the present appeal filed by the appellant-Revenue is permitted to be withdrawn. The appeal is, accordingly, dismissed as withdrawn/not pressed.
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