INCOME TAX OFFICER 10(1)(2), MUMBAI vs. M/S.INFINITY CONSTRUCTION PRIVATE LIMITED, MUMBAI

The captioned appeal filed by the revenue is directed against the order passed by CIT(A)-17, Mumbai, dated 10.09.2018, which in turn arises from the order passed by the A.O under Sec.143(3) of the Income Tax Act, 1961 (for short ‘the Act’), dated 30.09.2016. Apart there from, the assessee is also before us as a cross objector.

The ITO-10(1)(3), Mumbai has filed a letter dated 14.02.2018 requesting for withdrawal of the captioned appeal. It is stated by him that the appeal is sought to be withdrawn for two reasons viz. (i) that the tax effect involved in the appeal of the revenue is below the prescribed monetary limit specified in the CBDT Circular No. 03/2018, dated 11.07.2018; and (ii)