Commissioner Of Income Tax-1, Amritsar v. M/S Sun Synthetics, Amritsar

INCOME TAX APPEAL NO.126 of 2012 1 IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. INCOME TAX APPEAL NO.126 of 2012Date of Decision: 08.12.2014 Commissioner of Income Tax-1, Amritsar ..Appellant versus M/s Sun Synthetics, Amritsar ..Respondent INCOME TAX APPEAL NO.127 of 2012 Commissioner of Income Tax-1, Amritsar ..Appellant versus M/s Surya Synthetics, Amritsar ..Respondent CORAM:HON'BLE MR. JUSTICE RAJIVE BHALLA HON'BLE MR. JUSTICE B.S.WALIA Present:Mr. Denesh Goyal, Advocate, for the appellant. Mr. Pankaj Jain, Senior Advocate with Ms. Divya Suri, Advocate and Mr. Sachin Bhardwaj, Advocate,for the respondent. RAJIVE BHALLA, J.(ORAL) By way of this order, we shall decide Income Tax AppealsNos.126 and 127 of 2012. Counsel for the parties are ad idem that assessmentorder as well as order passed by the Commissioner of Income Tax(Appeals) requires a greater degree of consideration by the IncomeTax Appellate Tribunal, Amritsar Bench, Amritsar (for short “the INCOME TAX APPEAL NO.126 of 2012 2 the matter may be restored to the Tribunal, for adjudication afresh. In view of consensus between counsel for the parties,appeals are allowed, orders passed by the Tribunal are set asideand the matter is restored to the Tribunal for adjudication afresh andin accordance with law, within three months of receipt of a certifiedcopy of this order. Parties are directed to put in appearance before theIncome Tax Appellate Tribunal, Amritsar Bench, Amritsar, on12.1.2015. ( RAJIVE BHALLA ) JUDGE 8.12.2014VK ( B.S.Walia )JUDGE