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Ita/266/2017 Of The Pr. Commissioner Of Income Tax Rohtak v. Atlas Cycles (Haryana) Ltd Alas Road Industrial Area Sonepat

High Court 26 Aug 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

26 Aug 2019

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Ita/266/2017 Of The Pr. Commissioner Of Income Tax Rohtak v. Atlas Cycles (Haryana) Ltd Alas Road Industrial Area Sonepat, 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.

IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH 350ITA-266-2017 (O&M)Date of decision °:26.08.201 The Pr. Commissioner of Income Tax, Rohtak ...... Appellant VeTSUS Atlas Cycles (Haryana) Ltd., Atlas Road, Industrial Area, Sonepat ...... Respondent CORAM: HON'BLE MR.JUSTICEKE AJAY TEWARIHON'BLE MR. JUSTICHARNARESH SINGH GILL Present ;Mr. Sandeep Goyal, Advocatefor the appellant. None for the respondent. 111 AJAY TEWARI, J. (Oral) Learned counsel for the appellant-Revenue has very fairlystated that since the tax effect involved is less than Rs.1 crore. He hasinstruction to withdraw the present appeal in view of the circular dated17/2019 dated 8.8.2019 issued by the Central Board of Direct Taxes, NewDelhi. However, he has prayed that liberty be granted to Revenue to filean application for revival of the appeal in case something survivestherein. Dismissed as withdrawn with liberty as prayed for. Further,the legal issue as claimed by the Revenue is being left open to beadjudicated in an appropriate case. ITA-266-2017 (O&M) Since the main case has been dismissed as withdrawn, thepending C.M, if any also stands dismissed. 26.08.2019anuradha (AJAY TEWARITJUDGE(HARNARESH SINGH GILL)JUDGE Whether speaking/reasonedWhether Reportable | Yes/NoYes/No

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