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. 31 of 2017)
Income Tax Appeal No. 31 of 2017 ·
Low-tax-effect withdrawal under CBDT Circular dated 17.09.2024: where tax effect is Rs. 1,32,06,844 for AY 2012-13 and Rs. 1,12,48,694 for AY 2013-14 (below the Rs. 2 crore threshold), Revenue permitted to withdraw ITA No. 31 of 2017.
1. FACTS OF THE CASE
In Income Tax Appeal No. 31 of 2017 filed by PCIT-II, Lucknow against M/s. U.P. Asbestos, Lucknow, counsel for both parties jointly submitted on 04.03.2025 that the tax effect for AY 2012-13 was Rs. 1,32,06,844 and for AY 2013-14 was Rs. 1,12,48,694, both below the Rs. 2 crore monetary threshold under the Ministry of Finance / CBDT Circular dated 17.09.2024.
2. DISCUSSION BY THE COURT
Accepting the joint submission of counsel that the appeal was covered by the CBDT Circular dated 17.09.2024, the Division Bench granted the appellant Revenue permission to withdraw the appeal.
3. JUDICIAL DECISION
Granted permission for withdrawal and dismissed Income Tax Appeal No. 31 of 2017 as withdrawn.
4. OUTCOME
Assessee (by withdrawal) - Revenue's appeal dismissed as withdrawn under CBDT Circular dated 17.09.2024.
5. AKHB REVIEW POINT
AKHB analysis: low-tax-effect withdrawal under CBDT Circular No. 9/2024 dated 17.09.2024 where each assessment year's tax effect (Rs. 1.32 crore and Rs. 1.12 crore) is below the Rs. 2 crore High Court threshold.
Source and verification
1-page official High Court of Judicature at Allahabad (Lucknow Bench) judgment PDF (20250304_UPHC020439812017.pdf).
Original PDF: 1 pages · SHA-256: bcb45797eae1f4a06717c67ae47f26094afaae5965743b52532a1fcbe383bcfc
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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AI-assisted source review. Independent human approval is not represented.
General research only. Read the complete judgment and verify applicable law and subsequent treatment before reliance.