Ita/118/2000 Of The Commissioner Of Income Tax, Jalandhar v. Satinder Pal Shoor

HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. FSR S ITA No.118 of 2000 (O&M)Date of Decision: 03.10.2018 FSR S The Commissioner of Income Tax, Jalandhar, ...Appellant VS| ... Respondent| Sh. Satinder Pal Shoor 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 with Mr. 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 BS 6,70,801/- and in view of the recent Circular No.3/2018dated 11.07.2018 issued by the Ministry of Finance, Department ofRevenue, Central Board Direct Taxes, the tax effect being less thanRs|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 shonkar Judge 1. Whether speaking/reasoned?Yes/No2. Whether reportable? |Yes/No