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Supreme Court allows withdrawal of tax appeal by revenue department due to low tax effect.
Supreme Court allows withdrawal of tax appeal by revenue department due to low tax effect.
The case involves an appeal filed by the Commissioner of Income Tax against M/s I.T.C. Ltd. before the Supreme Court. The revenue department sought permission to withdraw the appeal along with pending applications due to the low tax effect involved. The Supreme Court granted permission and dismissed the appeal and applications, leaving the questions of law open.
Case Name:
Commissioner of Income Tax vs M/s I.T.C. Ltd.
Judgement:
The Supreme Court bench comprising Justices A.M. Khanwilkar, Hemant Gupta, and Dinesh Maheshwari granted permission to the revenue department to withdraw the appeal and pending applications, subject to just exceptions. The appeal and applications were dismissed as withdrawn, leaving the questions of law open for future consideration.
1. Learned counsel for the appellant, on instructions issued by the Department of Revenue, Ministry of Finance vide F.No.390/Misc./116/2017-JC dated 22.08.2019, seeks permission to withdraw this appeal along with pending applications therein due to low tax effect.
2. Permission granted, subject to just exceptions.
3. The appeal and pending application(s) are dismissed as withdrawn, leaving question(s) of law open.
(A.M. KHANWILKAR)
(HEMANT GUPTA)
(DINESH MAHESHWARI)
NEW DELHI
JANUARY 22, 2020
The appeal and pending application(s) are dismissed as withdrawn in terms of the signed order.
(NEETU KHAJURIA)
COURT MASTER
(VIDYA NEGI)
COURT MASTER
(Signed order is placed on the file.)
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Supreme Court allows withdrawal of tax appeal by revenue department due to low tax effect.
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