https://www.taxtmi.com/caselaws?id=365666 An appeal withdrawn by the revenue, with express liberty to seek revival, is not treated as an affirmation of the Tribunal's order. The Court allowed withdrawal because the revenue elected to do so in light of the CBDT circular and the tax effect involved, while preserving the right to revive the appeal if any part of the dispute survives or circumstances change. The substantive legal issue raised in the appeal was left open for adjudication in an appropriate future case, so the withdrawal did not amount to acceptance of the Tribunal's reasoning on merits. en-us Tue, 14 Aug 2018 00:00:00 +0530 Tue, 21 Aug 2018 08:03:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365666 An appeal withdrawn by the revenue, with express liberty to seek revival, is not treated as an affirmation of the Tribunal's order. The Court allowed withdrawal because the revenue elected to do so in light of the CBDT circular and the tax effect involved, while preserving the right to revive the appeal if any part of the dispute survives or circumstances change. The substantive legal issue raised in the appeal was left open for adjudication in an appropriate future case, so the withdrawal did not amount to acceptance of the Tribunal's reasoning on merits. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365666