Dismissing the appeal of the revenue the Court held that ,The matter neither had any cascading tax effect nor did it involve any issues of common principles in a group of matters or a large number of matters. The withdrawal of the appeal could be permitted in accordance with the CBDT Circular dated July 11, 2018 (2018)405 ITR 29 (St.), Circular dt 9-2-2011 (2011) 332 ITR 1 (St.) .Referred ,CIT v. Surya Herbal Ltd. (2013) 350 ITR 300 (SC)
CIT v. P. C. Naidu (2019) 412 ITR 378 (Karn)(HC)
S. 260A : Appeal – High Court -Monetary limit – The matter neither had any cascading tax effect nor did it involve any issues of common principles in a group of matters or a large number of matters-.The withdrawal of the appeal could be permitted in accordance with the CBDT Circular dated July 11, 2018 [ S.119 ]