Commissioner Of Income Tax-I, Ludhiana v. M/S Varinder Agro Chemicals Ltd
High Court
24 Feb 2016 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
Commissioner Of Income Tax-I, Ludhiana v. M/S Varinder Agro Chemicals Ltd
Date of order
24 Feb 2016
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax-I, Ludhiana v. M/S Varinder Agro Chemicals Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH
ITA No. 78 of 2008Decided on : 24.02.2016
Commissioner of Income Tax-I, Ludhiana
Versus
M/s Varinder Agro Chemicals Ltd.
... Appellant
... Respondent
CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITIALHON'BLE MRS. JUSTICE RAJ RAHUL GARG
PRESENT: Mr. Rajesh Katoch, Advocatefor the appellant-revenue.for the appellant-revenue.
Ms. Radhika Suri, Sr. Advocate withMs. Rinku Dahiya, Advocatefor the respondent-assessee.
((((
AJAY KUMAR MITTAL, J. (Oral)
Learned counsel for the appellant-revenue states that the tax effectinvolved in the present case is41,56,304/-. He submitted that keeping in viewthe circular No.21/2015, dated 10.12.2015 issued by the C.B.D.T., New Delhi,the present appeal may be dismissed as withdrawn. However, liberty begranted to the revenue to file an application for revival of the appeal in casesomething survives 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2.Dismissed as withdrawn with liberty as prayed for.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 appropriateCase.
(AJAY KUMAR MITTAL)JUDGE
February 24, 2016JRam
(RAJ RAHUL GARG)JUDGE
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