Case Law › High Court › Commissioner Of Income Tax-Iii, Ludhiana...

Commissioner Of Income Tax-Iii, Ludhiana v. Eee

High Court 10 Feb 2016 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

10 Feb 2016

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Commissioner Of Income Tax-Iii, Ludhiana v. Eee, 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.

203 IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH ITA No.724 of 2010 (O&M)Date of decision: February 10, 2016 Commissioner of Income Tax-III, Ludhiana Versus eee APpellant M/s Oswal Knit India Ltd. Ludhiana eee RESpondent CORAM:HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE RAJ RAHUL GARG Present:Mr. Rajesh Katoch, Advocatefor the appellant. &&&&& AJAY KUMAR MITTAL, J. (ORAL) Learned counsel for the appellant-revenue states that since thetax effect involved is418,44,334/-. He submitted that keeping in view thecircular No. 21/2015, dated 10.12.2015 issued by the C.B.D.T., New Delhi,the present appeal may be dismissed as withdrawn.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, he prayed thatliberty 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to the revenue to file an application for revival of theappeal in case something survives therein, 2 Dismissed as withdrawn with liberty as prayed for.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 February 10, 2016 Dinesh Bansal (RAJ RAHUL GARGJUDGE

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