Commissioner Ofincome Tax-Ii, Chandigarh v. M/S Steel Strips Indutries Ltd
High Court
01 Mar 2016 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
Commissioner Ofincome Tax-Ii, Chandigarh v. M/S Steel Strips Indutries Ltd
Date of order
01 Mar 2016
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Ofincome Tax-Ii, Chandigarh v. M/S Steel Strips Indutries 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 HARYANA ATCHANDIGARH
Sr. No.|
ITAQO2013Decided on :1 !March, 2016
Commissioner ofIncome Tax-II, Chandigarh
VERSUS
.... Appellant
M/s Steel Strips Indutries Ltd.
.. Respondent
CORAMHON4BLE MR. JUSTICE RAJIVE BHALLA.HON4BLE MS. JUSTICE REKHA MITTAL,
PresentMs. Urvashi Dhugga,Advocatefor the appellant.for the appellant.
Mr. Akshay Bhan, Senior Advocate
with Alok Mittal, Advocate
for the respondent.
2K OK K
RAJIVE BHALLA, J. (Oral)
Counsel for the appellant-revenue states that since the tax effectinvolved is Rs. 11.39 lacs she has instructions to withdraw the present appealin view of the circular No. 21/2015, dated 10.12.2015 issued by the C.B.D.T.,New Delhi, however, with liberty to the revenue to file an application forrevival of the appeal in case something survives therein.
Dismissed as withdrawn with liberty as prayed for. It is, however,clarified that withdrawal of the appeal by the revenue shall not be taken as anaffirmation of order passed by the Tribunal on merits. Further, the legal issueas Claimed by the revenue is left open to be adjudicated in an appropriate case,
(RAJIVE BHALLA)
JUDGE
01.03.2016jyoti IIT
(REKHA MITTAL)
JUDGE
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