Commissioner Of Income Tax (Central), Ludhiana v. M/S Hero Cycles Ltd. Ludhiana
High Court
10 Aug 2022 In favour of: Unclear
Forum / Bench
High Court · phhc
Parties
Commissioner Of Income Tax (Central), Ludhiana v. M/S Hero Cycles Ltd. Ludhiana
Date of order
10 Aug 2022
Assessment year(s)
—
Outcome
Other
Case summary
In Commissioner Of Income Tax (Central), Ludhiana v. M/S Hero Cycles Ltd. Ludhiana, the High Court (2022) decided the matter.
Decision: Appeal is disposed of as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
223 IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH
ITA No.349 of 2004Date of Decision : 10.08.2022
Commissioner of Income Tax (Central), Ludhiana
….Appellant
Versus
M/s Hero Cycles Ltd. Ludhiana
…..Respondent
CORAM : HON’BLE MR. JUSTICE TEJINDER SINGH DHINDSAHON’BLE MR. JUSTICE PANKAJ JAIN
Present :Mr. Sandeep Goyal, Senior Standing Counsel for the appellant.
Mr. Sidhant Suri, Advocate and
Mr. Alok Mittal, Advocate
for the respondent.
TEJINDER SINGH DHINDSA, J. (ORAL)
Learned Senior Standing Counsel for the Revenue makes astatement at the bar that since the tax effect is less than the thresholdamount of Rs.1.00 crore and in view of Circular No.17/2019 - F.No.279/
Misc. 142/2007-ITJ(Pt) dated 8[th] of August, 2019, he is not pressing thepresent appeal.
Appeal is disposed of as not pressed.
Needless to add that this order would not effect the rights and
contentions of the parties on the questions of law or of fact in otherappropriate proceedings.
(TEJINDER SINGH DHINDSA) JUDGE
August 10, 2022 (PANKAJ JAIN)
Dpr JUDGEWhether speaking/reasoned:Yes/NoWhether reportable:Yes/No
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