INCOME TAX OFFICER,WARD-1, UDUPI vs. MANIPAL TECHNOLOGIES LIMITED, MANIPAL
Income Tax Appellate Tribunal, “C” BENCH : BANGALORE
Before: SHRI PRASHANT MAHARISHI & SHRI SOUNDARARAJAN K.Assessment year : 2014-15
Per Prashant Maharishi, Vice President 1. This appeal is filed by the Revenue (the appellant) for the assessment year 2014-15 against the appellate order passed by the learned CIT(Appeals), Mangaluru [ld. CIT(A)] dated 25.2.2020 wherein the appeal filed by the assessee against the assessment order passed by the DCIT, Circle 1, Udupi was allowed. Page 2 of 2
We have heard both the parties. The ld. DR has filed a letter dated 11.08.2025 stating that the tax effect in this appeal by the Revenue amounts to Rs.59,83,534 which is below the revised threshold of Rs.60 lakhs prescribed by CBDT Circular No.09/2024 dated 17.9.2024 and this case does not fall within any of the exceptions laid out in the said Circular. In this regard, copy of letter from the AO dated 8.8.2025 is also filed. In view of the above, it was submitted that the Department withdraws the appeal. Accordingly, in view of the low tax effect, the appeal filed by the Department is dismissed. Pronounced in the open court on this 14th day of October, 2025. ( SOUNDARARAJAN K. ) VICE PRESIDENT
Bangalore,
Dated, the 14th October, 2025. /Desai S Murthy /
Copy to:
Appellant 2. Respondent 3. Pr. CIT 4. CIT(A) 5. DR, ITAT, Bangalore.
By order