Commissioner Of Income Tax (Central), Ludhiana v. M/S Freeman Measures (P) Ltd., Ludhiana

IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH ITA502001 Sr. No. 407 Decided on : 23.08.2016 Commissioner of Income Tax (Central), Ludhiana ..... Appellant VERSUS M/s Freeman Measures (P) Ltd., Ludhiana ..... Respondent CORAMHON4BLE MR. JUSTICE S.J. VAZIFDAR, CHIEF JUSTICEHON4BLE MR. JUSTICE DEEPAK SIBAL PresentMr.Zora Singh Klar, Advocate, for the appellant. Mr.Akshay Bhan, Senior Advocate, with Mr.Alok Mittal, Advocate, for the respondent. >>>>>>> S.J. VAZIFDAR, C.J. (Oral) Learned counsel for the appellant-revenue states that since thetax effect involved is Rs.1,20,500/-, he has instructions to withdraw thepresent appeal in view of the circular No.21/2015, dated 10.12.2015, issuedby the C.B.D.T., New Delhi. However, he prayed that liberty be granted tothe revenue to file an application for revival of the appeal in case somethingsurvives therein. 2 Dismissed as withdrawn with liberty as prayed for. It is,however, clarified that withdrawal of the appeal by the revenue shall not betaken to be affirmation of order of the Tribunal on merits. Further, the legalissue as Claimed by the revenue is being left open to be adjudicated in anappropriate case. | S.J. VAZIFDAR |CHIEF JUSTICE 23.08.2016 shamsher | DEEPAK SIBAL | JUDGE Whether speaking/reasoned Whether reportable * * Yes/No Yes/No