Commissioner Of Income Tax, Jalandhar-I, Jalandhar v. M/S Asian Exim International, Jalandhar

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Sr. No. 651 ITA40 2010Decided on: 01.12.2016 Commissioner of Income Tax, Jalandhar-I, Jalandhar..... Appellant VERSUS M/s Asian Exim International, Jalandhar ..... Respondent CORAMHON,BLE MR. JUSTICE S.J. VAZIFDAR, CHIEF JUSTICEHON,BLE MR. JUSTICE DEBPAK SIBAL PresentMr. Vivek Sethi, Advocate, for the appellant Mr.Sachin Bhardwaj, Advocate, for the respondent. 7777777 S.J.VAZIFDAR, CHIEF JUSTICE (ORAL) Learned counsel for the appellant-revenue states that since thetax effect involved is Rs.9,25,617/-, he has instructions to withdraw thepresent appeal in view of the circular No.21/2015, dated 10.12.2015, issuedby the C.B.D.T., New Delhi. However, he prayed that liberty be granted tothe revenue to file an application for revival of the appeal in case somethingsurvives therein. 2 Dismissed as withdrawn with liberty as prayed for.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 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 01.12.2016 shamsher | DEEPAK SIBAL | JUDGE Whether reasoned/speaking Whether reportable