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Ita/80/2001 Of The Commissioner Of Income Tax v. M/S Punjab Tractor Ltd

High Court 21 Mar 2016 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

21 Mar 2016

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Ita/80/2001 Of The Commissioner Of Income Tax v. M/S Punjab Tractor Ltd, the High Court (2016) 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.

IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARHhe h LT.A. No.8Q0 of 2001. Date of Decision: 21.03.2016 The Commissioner of Income-tax, Patiala .....Appellant Vs, M/s Punjab Tractor Limited, Mohali...ReESpondent CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE RAJ RAHUL GARG Present: Mr. Z.S. Kalar, Advocate for the appellant- revenue. Mr. Divya Suri, Advocate for the respondent, oK O AJAY KUMAR MITTAL, J.(Oral) Learned counsel for the appellant-revenue states that since thetax effect involved 1s L35,000/-, he has instructions to withdraw the presentappeal in view of the circular No.21/2015, dated 10.12.2015 issued by theC.B.D.T., New Delhi. However, he prayed that liberty be granted to therevenue to file an application for revival of the appeal in case somethingsurvives therein. ? Dismissed as withdrawn with liberty as prayed for. It 1s,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 1s being left open to be adjudicated in anappropriate case. (AJAY KUMAR MITTAL )JUDGE March 21, 2016 | renw ( RAJ RAHUL GARG )JUDGE

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