Commissioner Of Income Tax (Central), Ludhiana v. M/S Janta Estate & Housing Development Ltd., Mohali

IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH CM No. 25076 of 2018 in/and TTA-80-2011(O&M)Date of decision:- 11.17.7018 Commissioner of Income Tax (Central), Ludhiana .. Appellant Versus M/s Janta Estate & Housing Development Ltd., Mohali .. Respondent CORAM'' HON'BLE MR. JUSTICE KRISHNA MURARTCHIEF JUSTICEHON’ BLE MR. JUSTICE ARUN PALL Present:- Ms. Urvashi Dhugga, Advocate,for the appellant.Mr. R.S.Kalra, Advocate, for the respondent. | x K K Xx KRISHNA MURARLTC.J.(ORAL) CM No. 250760 of 2018 1S allowed as prayed for. Main case 1s taken on record.Learned counsel for the appellant-revenue states that|since the tax effect involved 1s“a23,41 384/-,sche has instructions towithdraw the present appeal in view of Circular No. 03/2018, dated|11.07.2018 issued by the Central Board of Direct Taxes, New Delhi.However, she has prayed that liberty be granted to the revenue to.file an application for revival of the appeal in case something|survives therein. ~ DoDismissed as withdrawn with liberty as prayed for. It 1s,however, clarified that withdrawal of the appeal by the revenue|shall not be taken to be affirmation of order of the Tribunal on merits. Further, the legal issue as claimed by the revenue is beingleft open to be adjudicated in an appropriate case. (KRISHNA MURARTI) CHIEF JUSTICE (ARUN PALLI) — JUDGE| 11L.12.2018Amodh Whether 3*eaking/reasoned|Whether re*ortable