Ita/116/2000 Of The Commissioner Of Income Tax v. M/S International Legguard

HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. FSR S ITA No.116 of 2000 (O&M)Date of Decision: 03.10.2018 FSR S ...Appellant Commissioner of Income Tax, Jalandhar VS| M/s International Legguard Works|... Respondent| KK O Coram: Hon’ble Mr.Justice Surya KantHon’ble Mr.Justice Sudip AhluwaliaHon’ble Mr.Justice Sudip Ahluwalia FE SE Present:Mr. Vivek Sethi, Advocate for the appellant | Mr. Akshay Bhan, Sr.Advocate withMr. Alok Mittal, Advocate for the respondentMr. Alok Mittal, Advocate for the respondent FE SE SURYA KANT J. (Oral) *+,Learned counsel for Revenue states that the tax effect involved|in this case is)<3,61,153/- and in view of the recent Circular No.3/2018|dated 11.07.2018 issued by the Ministry of Finance, Department ofRevenue, Central Board Direct Taxes, the tax effect being less than<50 lacs, he does not want to press this appeal on merits. — *2,In view of the CBDT Circular, the instant appeal is dismissedas not pressed. As prayed for by learned counsel for the appellant, liberty isgranted to the Revenue to seek revival of the appeal, if need be, in thechanged circumstances. The question of law is also kept open. | (Surya Kant) Judge 03.10.2018(Sudip Ahluwalia)vishal shonkarJudge 1. Whether speaking/reasoned?Yes/No2. Whether reportable? |Yes/No