Ita/562/2006 Of Commissioner Of Income Tax v. Eastman Industries

HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. FSR S CM-20902-CI1[-2018 in/andITA No.562 of 2006 (O&M)Date of Decision: 28.09.2018 FSR S Commissioner of Income-tax, Ludhiana...Appellant VS| ... Respondent| Eastman Industries KK O Coram: Hon’ble Mr.Justice Surya KantHon’ble Mr.Justice Sudip Ahluwalia FE SE Present:Mr. Rajesh Katoch, Advocate for the appellant © Mr. Sunil Kumar Mukhi, Advocate for the respondent FE SE SURYA KANT J. (Oral) &'(The prayer in this application is to dismiss the appeal in view ofthe recent Circular No.3/2018 dated 11.07.2018 issued by the Ministry ofFinance, Department of Revenue, Central Board Direct Taxes vide which ithas been directed that the appeals before the High Court shall not be filed incases where tax effect is less than=50 lacs. &/(Learned counsel for Revenue states that the tax effect involvedin this case is)a39,55,479/- and he does not want to press this appeal onmerits. &-(In view of the CBDT Circular, the application is allowed andthe instant appeal is dismissed as not pressed. As prayed for by learnedcounsel for the appellant, liberty is granted to the Revenue to seek revival ofthe appeal, if need be, in the changed circumstances. The question of law isalso kept open. | (Surya Kant) Judge A809. 2018.vishal shonkar (Sudip Ahluwalia)Judge 1. Whether speaking/reasoned?Yes2. Whether reportable? |No