High Court of Judicature at Allahabad (Lucknow Bench) · Judgments and reasoned final orders
Pr. Commissioner of Income Tax-II, Lucknow v. M/s. U.P. Asbestos, Lucknow (ITA No. 30 of 2017)
Income Tax Appeal No. 30 of 2017 ·
Low-tax-effect withdrawal under CBDT Circular dated 17.09.2024: companion Revenue appeal (ITA No. 30 of 2017) involving tax effect of Rs. 1,32,06,844 (AY 2012-13) and Rs. 1,12,48,694 (AY 2013-14) dismissed as withdrawn.
1. FACTS OF THE CASE
In companion Income Tax Appeal No. 30 of 2017 filed by PCIT-II, Lucknow against M/s. U.P. Asbestos, Lucknow, counsel jointly stated that the tax effect for AY 2012-13 (Rs. 1,32,06,844) and AY 2013-14 (Rs. 1,12,48,694) was covered by the CBDT Circular dated 17.09.2024.
2. DISCUSSION BY THE COURT
Recording the joint statement of counsel that the tax effect fell within the monetary threshold of the CBDT Circular dated 17.09.2024, the Division Bench granted permission to withdraw.
3. JUDICIAL DECISION
Granted permission for withdrawal and dismissed Income Tax Appeal No. 30 of 2017 as withdrawn.
4. OUTCOME
Assessee (by withdrawal) - Companion Revenue appeal (ITA No. 30 of 2017) dismissed as withdrawn under CBDT Circular dated 17.09.2024.
5. AKHB REVIEW POINT
AKHB analysis: companion low-tax-effect withdrawal to ITA No. 31 of 2017.
Source and verification
1-page official High Court of Judicature at Allahabad (Lucknow Bench) judgment PDF (20250304_UPHC020022612017.pdf).
Original PDF: 1 pages · SHA-256: 2683aef3176091dd9acd5217307d51281ebf78b27fb0d733e5f05a0d1ba3143f
Supplied source-reviewed note retained; original bytes and identity validation checked in this release. Substantive re-review is not claimed for this record.
Applies sections 260A and 268A of the Income-tax Act, 1961 read with CBDT Circular dated 17.09.2024 for AYs 2012-13 and 2013-14. Income-tax Act, 2025 equivalence is not verified.
Full primary judgment PDF read page-by-page and verified against the AKHB Google Drive repository. Comprehensive subsequent judicial treatment has not been independently verified.
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