INCOME TAX OFFICER, WARD- 5(2)(4), BANGALORE vs. M/S. KARNATAKA STATE CO-OPERATIVE APEX BANK EMPLOYEES CO-OPERATIVE SOCIETY LIMITED, BANGALORE

O R D E R PER BENCH : The revenue has filed the appeals against different orders of Commissioner of Income Tax (Appeals)-5, Bangalore passed u/s 143(3) r.w.s 147 for A.Y. 2015- 16 and under Section 143(3) of the Income Tax Act, 1961 for the A.Y. 2016-17.

2 & 1130/Bang/2019 2. At the time of hearing, Letters dt.30.10.2019 were filed by the Revenue authorities seeking withdrawal of the appeals due to low tax effect as per CBDT Circular No.3/2018 Dt.11.7.2018 and Circular No.17/2019 Dt.8.8.2019. The tax liability involved in the quantum under dispute for Asst. Year 2015-16 is Rs.10,80,577 and for the Asst. Year 2016-17 is Rs.18,12,383. Hence as per the CBDT Circular (referred above), no appeal shall be filed by the Revenue before the Tribunal where the tax effect is below Rs.50 lakhs and it shall also applicable for pending appeals. Therefore, we considering the submissions of the ld. DR and the letters Dt.30.10.2019 for withdrawal of appeals by the Revenue, we dismiss the Revenue’s appeals in limine.