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Commissioner Of Income Tax-Ii, Chandigarh v. M/S Punjab Chemicals & Crop. Protection Ltd

High Court 28 Jan 2016 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

28 Jan 2016

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 Punjab Chemicals & Crop. Protection 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. 840 of 2008 (O&M)Decided on : 28.01.2016 Commissioner of Income Tax-II, Chandigarh Versus M/s Punjab Chemicals & Crop. Protection Ltd. ... Appellant ... Respondent CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITIALHON'BLE MRS. JUSTICE RAJ RAHUL GARG PRESENT: Ms. Urvashi Dhugga, Advocate for the appellant. None for the respondent. **** AJAY KUMAR MITTAL, J. (Oral) Learned counsel for the appellant-revenue states that since the taxeffect involved 1s =5,76,930/-, she has instructions to withdraw the presentappeal in view of the circular No.21/2015, dated 10.12.2015 issued by theC.B.D.T., New Delhi. However, she prayed that 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to therevenue to file an application for revival of the appeal in case somethingsurvives therein. 2.Dismissed as withdrawn with liberty as prayed for.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 appropriateCase. (AJAY KUMAR MITTAL)JUDGE January 28, 2016 smriti (RAJ RAHUL GARG)JUDGE

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