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The learned Senior Standing Counsel for the appellant submits that the above appeal is not pursued by the Revenue on account of the low tax effect in terms of Circular No.17/2019 dated 08.8.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to Rs. 1 Crore.

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Section 268A of the Income Tax Act, 1961 — Filing of Appeal — Where revenue filed an appeal against Tribunal's order in view of fact that tax effect in said appeal was lower than threshold limit fixed by Circular No 17/2019, dated 8—8—2019, same was to be dismissed as withdrawn — Principal Commissioner of income tax vs. India Pistons Ltd. [2019] 267 Taxman 79 (Madras)

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