Ita/170/2016 Of Commissioner Of Income Tax Chandigarh v. M/S Ch Lekh Raj Education! & Charitable Trust >

HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. FSR S ITA No.170 of 2016 (O&M)Date of Decision: 01.10.2018 FSR S Commissioner of Income-tax (Exemption), Chandigarh ...Appellant VS| M/s Ch Lekh Raj Education! & Charitable Trust >... Respondent|KK O Coram: Hon’ble Mr.Justice Surya Kant Hon’ble Mr.Justice Sudip Ahluwalia FE SE Present:Mr. Denesh Goyal, Advocate for the appellant Mr. Akshay Bhan, Sr.Advocate withMr. Alok Mittal, Advocate for the respondent|Mr. Alok Mittal, Advocate for the respondent| FE SE SURYA KANT J. (Oral) (1)Learned counsel for Revenue states that the tax effect involved|in this case 1s<40.97 lac and in view of the recent Circular No.3/2018 dated|11.07.2018 issued by the Ministry of Finance, Department of Revenue,Central Board Direct Taxes, the tax effect being less thana50 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 01.10.2018|(Sudip Ahluwalia)vishal shonkarJudge 1. Whether speaking/reasoned?Yes/No2. Whether reportable? |Yes/No