Ita/315/2007 Of Commissoner Of Income Tax v. M/S Piccadily Agro Indus. Ltd

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH ITA No. 315 of 2007 (O&M)Date of decision: 04.04.2016 Commissioner of Income Tax, KarnalVs, M/s Picaddily Agro Industries Ltd. Appellant.Respondent. CORAM:HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE RAJ RAHUL GARG Present:Mr. Yogesh Putney, Advocatefor the appellant. AJAY KUMAR MITTAL,J(QRAL) A communication dated 08/09.03.2016 produced by the learned counsel for the appellant in Court today is taken on record. 2 Learned counsel for the appellant-revenue states that the tax effect involved in the present case isL16,72,659/-, he has instructions towithdraw the present appeal in view of the circular No.21/2015, dated10.12.2015 issued by the C.B.D.T., New Delhi. However, he prayed thatliberty be granted to the revenue to file an application for revival of theappeal in case something survives therein, 3Dismissed as withdrawn with liberty as prayed for. It is,however, clarified that withdrawal of the appeal by the revenue shall not betaken to be affirmation of order of the Tribunal on merits. Further, the legalissue as Claimed by the revenue is being left open to be adjudicated in anappropriate case. (AJAY KUMAR MITTAL)JUDGE 04.04.2016smriti (RAJ RAHUL GARG)JUDGE