Commissioner Of Income Tax-Ll, Chandigarh v. M/S. New Verma & Company

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH| ITA No.59 of 2010 (O&M)Date of decision: 23.02.2016 Commissioner of Income Tax-ll, Chandigarh . Appellant: Vs. M/s. New Verma & Company Respondent CORAM:HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE RAJ RAHUL GARG Present:Ms. Urvasni Dnugga, Advocate,for the appellant-revenue. Mr. B.M. Monga, Advocate, and Mr. Ronit Kaura, Advocate,for the respondent-assessee. KKK*K AJAY KUMAR MITTAL, J. (Oral) Learned counsel for the appellant-revenue states that sincethe tax effect involved is.416,67,14/7/-, she has instructions to withdraw thpresent appeal in view of the circular No.21/2015, dated 10.12.2015 Issuedpy the C.B.D.1., New Delhi. However, sne prayed that liberty be granted tothe revenue to file an application for revival of the appeal in casesomething survives therein. 2 |Dismissed as withdrawn with liberty as prayed for.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 an appropriate case. (AJAY KUMAR MITTAL)JUDGE| 23.02.2016Dinesn (RAJ RAHUL GARG)JUDGE|