Commissioner of Income-tax-III v. Sona Koya Steering Systems Ltd
[Citation -2022-LL-0913-4]
| Citation | 2022-LL-0913-4 |
|---|---|
| Appellant Name | Commissioner of Income-tax-III |
| Respondent Name | Sona Koya Steering Systems Ltd. |
| Court | SUPREME COURT |
| Relevant Act | Income-tax |
| Date of Order | 13/09/2022 |
| Judgment | View Judgment |
| Keyword Tags | withdrawal of appeal • tax effect |
| Bot Summary: | Mr. Arjun Prasad Sinha, learned counsel appearing for the respondent assessee submits that there are connected appeals of the same assessee pending in this Court. In view of the above, the C.A. No.5160/2012 stands dismissed as not pressed by the Departmental counsel. Ms. Gargi Khanna, Signature Not Verified learned counsel for the applicant/appellant submits that needful Digitally signed by DEEPAK SINGH Date: 2022.09.15 12:46:44 IST Reason: will be done in respect of the other pending appeals where the tax effect is below the benchmark of Rs. 2 crore as per the Circular 2 No.17 of 2019 dated 8th August, 2019 issued by the Central Board of Direct Taxes. Mr. Brajesh Kumar, AOR UPON hearing the counsel the Court made the following ORDER I. A. No. 46095/2021 in C.A. No. 5160/2012 Application for withdrawal of appeal stands allowed. 4 The C. A. No.5160/2022 stands dismissed as not pressed by the Departmental counsel in terms of the signed order. Ms. Gargi Khanna, learned counsel for the applicant/appellant submits that needful will be done in respect of the other pending appeals where the tax effect is below the benchmark of Rs. 2 crore as per the Circular No.17 of 2019 dated 8th August, 2019 issued by the Central Board of Direct Taxes. |