2018 (10) TMI 1281 - HC - Service Tax

Maintainability of appeal - monetary amount involved in the appeal - Held that - In the present appeal the amount involved is ₹ 25,76,454/-. In terms of the Instructions issued by the Central Board of Indirect Taxes & Customs dated 11.07.2018, the monetary limit fixed for filing appeals in the High Court stands raised to ₹ 50 lakhs, which is applicable even in pending cases. As the amount of tax involved in the present appeal is less than ₹ 50 lakhs, the same may be permitted to be withdrawn.

Summary

The High Court of Punjab and Haryana allowed the appellant to withdraw the appeal as the tax amount involved was less than Rs. 50 lakhs. The withdrawal does not imply agreement with the Tribunal's order, leaving legal issues open for future consideration.