Commissioner Of Income Tax-I, Ludhiana v. M/S Dimple Knitwear

IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH ITA No. 47 of 2012 (O&M)Decided on : 26.04.2016 Commissioner of Income Tax-I, Ludhiana Versus M/s Dimple Knitwear ... Appellant ... Respondent CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITIALHON'BLE MRS. JUSTICE RAJ RAHUL GARG PRESENT: Mr. Raejsh Katoch, Advocatefor the appellant. Ms. Prerna, Advocate for|Mr. S.K.Mukhi, Advocatefor the respondent. **** AJAY KUMAR MITTAL, J. (Oral) Learned counsel for the appellant-revenue States that the tax effectinvolved in the present case is less than the monetary limit prescribed videcircular No.21/2015, dated 10.12.2015 issued by the C.B.D.T., New Delhi. Hefurther submitted that keeping in view the aforesaid circular, the presentappeal may be dismissed as withdrawn. However, liberty be granted to therevenue to file an application for revival of the appeal in case somethingsurvives therein| 2.Dismissed as withdrawn with liberty as prayed for.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 be taken to beaffirmation of order of the Tribunal on merits. Further, the legal issue asclaimed by the revenue is being left open to be adjudicated in an appropriate Case. (AJAY KUMAR MITTAL)JUDGE (RAJ RAHUL GARG)JUDGE