Ita/325/2013 Of Commissioner Of Income Tax, Rohtak v. Satya Parkash Aggarwal & Sons (Huf), Rohtak

2024: PHHC:0216067-D IN THE HIGH COURT OF PUNJAB & HARYANAAT CHANDIGARH 214-7ITA-325-2013 (O&M)Date of Decision:February 12, 2024 Commissioner of Income Tax, Rohtak ...-Appellant(s) 3(0 Satya Parkash Aggarwal & Sons (HUF), Rohtak ..--Respondent(s) CORAM: HON'BLE MR. JUSTICK SANJEBEEV PRAKASH SHARMHON'BLE MRS. JUSTICE SUDEBEEPTI SHARHON'BLE MRS. JUSTICE SUDEBEEPTI SHAR Present:Ms.Gauri Neo Ramphal, Standing counselfor the appellant,for the appellant, Mr. Nitesh Bansal, Advocate forMr. Sandeep Goyal, Advocate for the respondentMr. Sandeep Goyal, Advocate for the respondent &&&& SANJEEV PRAKASH SHARMA.J. (ORAL) The instant appeal bearing[TTA-325-2013was dismissed aswithdrawn vide order dated 18.07.2018, in view of the Circular No.03/2018dated 11.07.2018, issued by the Central Board of Direct Taxes, New Delhi, asthe tax effect involved was less than Rs.50 lacs. However, it appears thatapplication for revival of the appeal was filed on the basis of some auditobjections. This Court allowed the application for revival vide order dated27.09.2019 and the main case was restored to its original number. Accordingly,the matter was listed for hearing after obtaining orders from Hon’ble the ChiefJustice, as per roster, wnLearned counsel for the appellant submits that although the taxeffect involved is less than 50 lacs, however, audit raised objections and therevenue is before this Court. 3.We have considered the submission. Admittedly, tax effect involvedis Rs.14,82,266/- and it does not come within the ambit of Rs.50 lacs or above.4AKeeping in view, the provisions contained in Circular No.03/2018,dated 11[th]July 2018, issued by the Central Board of Direct Taxes, New Delhi,the instant appeal is dismissed. 5.All pending applications, if any, stand disposed of. (SANJEEV PRAKASH SHARMA)JUDGE (SUDEEPTI SHARMA)JUDGE February 12, 2024sonia arora Whether speaking/reasoned:SpeakingWhether reportable:Yes /No