Principal Commissioner Of Income Tax-5 v. M/S Vbc Industries Limited,

THE HON'BLE SRI JUSTICE RAMESH RANGANATHAN AND THE HON'BLE SRI JUSTICE M.SATYANARAYANA MURTHY I.T.T.A.NO.553 OF 2015 JUDGMENT: {Per the Hon'ble Sri Justice Ramesh Ranganathan} In this appeal, Sri B.Narasimha Sarma, learned Standing Counsel for Income Tax Department, has requested that the appellant be permitted to withdraw their appeal, in view of the circular instructions issued by the Central Board of Direct Taxes in Circular No.21 of 2015 dated 10.12.2015 whereby the appeals, whose monetary limit is below Rs.20,00,000/-, were required to be withdrawn.

Permission is accorded and the appeal is dismissed as withdrawn. There shall be no order as to costs. Miscellaneous petitions, if any, pending shall stand dismissed. ______________________________ (RAMESH RANGANATHAN, J) ___________________________________ (M.SATYANARAYANA MURTHY, J) 11th March 2016 RRB