Ita/116/2002 Of Commissioner Of Income Tax v. M/S Lakshmi Precision Screws Ltd
High Court
29 Oct 2019 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
Ita/116/2002 Of Commissioner Of Income Tax v. M/S Lakshmi Precision Screws Ltd
Date of order
29 Oct 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/116/2002 Of Commissioner Of Income Tax v. M/S Lakshmi Precision Screws Ltd, the High Court (2019) 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.
447IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH
ITA No.116 of 2002Date of decision : 29.10.2019
The Commissioner of Income Tax, Rohtak
VerTSU
..... Appellant
M/s. Lakshmi Precision Screw Ltd, Hisar Road, Rohtak.
...... Respondent
CORAM: HON'BLE MR.JUSTICEKE AJAY TEWARIHON'BLE MRSJUSTICEALKA SARIN
,,,
Present :Mr.Chetan Sood, Advocate andMr.Sandeep Goyal, Advocate for the appellant.
Mr.Akshay Bhan, Sr. Advocate withMr.Alok Mittal, Advocate for the respondent,
,,,
AJAY TEWARI, J. (Oral)
1]Learned counsel for the appellant-revenue states that sincethe tax effect involved is less than the monetary limit as prescribed inCircular No.3 of 2018 dated 11.07.2018 issued by the Central Board ofDirect Taxes, further amended vide Circular No.l7 of 2019 datedO08 O8.2019 read with Letter No.BF.No.279/Misc/M-93/2018-ITJ dated20.08.2019, he has instructions to withdraw the present appeal. However,he prayed that liberty be granted to the appellant-revenue to file anapplication for revival of the appeal, in case something survives therein.?DDismissed as withdrawn with liberty as prayed for.3Since the main case has been dismissed, the pending C.M.Application, if any, also stands disposed of. |
(AJAY TEWARI)JUDGE
29.10.2019
ranid
Whether speaking/reasoned
Whether Reportable |
(ALKA SARIN)JUDGE
Yes/No
Yes/No
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