Ita/411/2017 Of Pr. Commissioner Of Income Tax-2, Jalandhar v. M/S Capital Local Area Bank Ltd
High Court
05 Sep 2019 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
Ita/411/2017 Of Pr. Commissioner Of Income Tax-2, Jalandhar v. M/S Capital Local Area Bank Ltd
Date of order
05 Sep 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/411/2017 Of Pr. Commissioner Of Income Tax-2, Jalandhar v. M/S Capital Local Area Bank Ltd, 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.
ITA No.411 of 2017 (O&M)
1
352IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH
ITA No.411 of 2017 (O&M)Date of decision : 05.09.2019
Pr. Commissioner of Income Tax-2, Jalandhar
VeTSuU
...... Appellant
M/s Capital Local Area Bank Ltd.(Now Capital Small Finance Bank Ltd.)G.T. Road, Jalandhar
...... Respondent
CORAM: HON'BLE MR.JUSTICE AJAY TEWARTHON'BLE MR.JUSTICEHARNARESH SINGH GILL///
Present :Mr. Vivek Sethi, Senior Standing Counsel andMr. Varun Issar, Junior Standing CounselMr. Varun Issar, Junior Standing Counsel
for the appellant.
None for the respondent.
///
AJAY TEWARI, J. (Oral)
inLearned counsel for the appellant-revenue states that sincethe tax effect involved is less than the monetary limit as prescribed inCircular No.3 of 2018 dated 11.07.2018 issued by the Central Board ofDirect Taxes, further amended vide Circular No.l7 of 2019 datedOS.O08.2019 read with Letter No.E.No.279/Misc/M-93/2018-ITJ dated20.08.2019, he has instructions to withdraw the present appeal. However,he prayed that liberty be granted to the appellant-revenue to file anapplication for revival of the appeal, in case something survives therein.?DDismissed as withdrawn with liberty as prayed for.
3Since the main case has been dismissed, the pending C.M.
Application, if any, also stands disposed of,
(AJAY TEWARITJUDGE
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.