Commissioner Of Income Tax-Ii, Ludhiana v. Sh. Shiv Parshad Aggarwal

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH ITAAA42014 (O&M)Decided on: 27.10.2016 sr. No. 330 (28) Commissioner of Income Tax-II, Ludhiana..... AppellantVERSUS Sh. Shiv Parshad Aggarwal ..... Respondent CORAMHON5BLE MR. JUSTICE S.J. VAZIFDAR, CHIEF JUSTICEHON5BLE MR. JUSTICE DEBPAK SIBAL PresentMr.Zora Singh Klar, Advocate, for the appellant. Mr.Alok Mittal, Advocate, for the respondent.<<<<<<< S.J.VAZIFDAR, CHIEF JUSTICE (ORAL) Learned counsel for the appellant-revenue states that since the tax effect involved is Rs.1.50 lacs (approx.), he has instructions to withdrawthe present appeal in view of the circular No.21/2015, dated 10.12.2015,issued by the C.B.D.T., New Delhi. However, he prayed that 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to the revenue to file an application for revival of the appeal in casesomething survives therein. 2 Dismissed as withdrawn with liberty as prayed for.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 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. | S.J. VAZIFDAR | CHIEF JUSTICE 27 10. 2016 shamsher | DEEPAK SIBAL | JUDGE Whether reasoned/speaking Yes / No Whether reportableYes / No