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Commissioner Of Income Tax-Ii, Chandigarh v. M/S Cheema Spintex Ltd., Chandigarh

High Court 17 Jul 2018 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

17 Jul 2018

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Commissioner Of Income Tax-Ii, Chandigarh v. M/S Cheema Spintex Ltd., Chandigarh, the High Court (2018) 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 & HARYANA AT CHANDIGARH ITA-133-2012 (O&M) Date of Decision: 17.7.2018 Commissioner of Income Tax-II, Chandigarh Versus ...Appellant. M/s Cheema Spintex Ltd., Chandigarh ...Respondent. CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL.HON'BLE MR. JUSTICE AVNEESH JHINGAN. PRESENT: Ms. Urvashi Dhugga, Sr. Standing Counsel for the appellant. Mr. Divya Suri, Advocate and Mr. Sachin Bhardwaj, Advocate for the respondent. AJAY KUMAR MITTAL, J. 1.Learned counsel for the appellant-revenue states that since thetax effect involved is ` 27.74 lakhs, she has instructions to withdraw thepresent appeal in view of Circular No.03/2018, dated 11[th] July, 2018, issuedby the Central Board of Direct Taxes, New Delhi. However, she has prayedthat liberty be granted to the revenue to file an application for revival of theappeal in case something survives therein.2.Dismissed as withdrawn with liberty as prayed for.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 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. (AJAY KUMAR MITTAL) JUDGE July 17, 2018gbsWhether Speaking/ReasonedWhether Reportable (AVNEESH JHINGAN) JUDGE Yes/NoYes/No

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