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Ita/414/2018 Of Pr. Commissioner Of Income Tax-2, Chandigarh v. M/S Punjab Genco Limited

High Court 22 Oct 2019 In favour of: Revenue

Forum / Bench

High Court · phhc

Parties

Date of order

22 Oct 2019

Assessment year(s)

—

Outcome

Allowed

Case summary

In Ita/414/2018 Of Pr. Commissioner Of Income Tax-2, Chandigarh v. M/S Punjab Genco Limited, the High Court (2019) allowed the appeal. The decision went in favour of the Revenue.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH 109ITA-414-2018(0&M)Date of decision °:22.10.201 Pr. Commissioner of Income Tax-2, Chandigarh ...... Appellant VeTSUS M/s Punjab Genco Limited $ ...... Respondent CORAM: HON'BLE MR.JUSTICE AJAY TEWARTHON'BLE MR.JUSTICEHARNARESH SINGH GILL Present :Ms. Urvashi Dhugga, Senior Standing Counselfor the appellant. AJAY TEWARI, J. (Oral) ... 1,CM;25053FCIIm2018 For the reasons recorded in the application, the same is allowed and delay of 32 days in refiling the appeal is condoned. 2.Main case Learned counsel for the appellant-revenue states that since thetax effect involved is less than the monetary limit as prescribed in CircularNo.3 of 2018 dated 11.07.2018 issued by the Central Board of Direct Taxes,further amended vide Circular No.17 of 2019 dated 08.08.2019 read withLetter No.F.No.279/Misc/M-93/2018-ITJ dated 20.08.2019, he _ hainstructions to withdraw the present appeal. However, he prayed that libertybe granted to the appellant-revenue to file an application for revival of theappeal, in case something survives therein. ITA-414-2018(0&M) 3Dismissed as withdrawn with liberty as prayed for. 4Since the main case has been dismissed as withdrawn, thepending C.M, if any also stands disposed of, (AJAY TEWARITJUDGE 22.10.2019anuradha (HARNARESH SINGH GILL)JUDGE Whether speaking/reasonedWhether Reportable | Yes/NoYes/No

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