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Ita/91/2005 Of Commr.of Income Tax-Ii, Ldh v. M/Snim Indl.corpn., Ldh

High Court 30 Oct 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

30 Oct 2019

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Ita/91/2005 Of Commr.of Income Tax-Ii, Ldh v. M/Snim Indl.corpn., Ldh, 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.

The order — as passed by the High Court

A47IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH ITA No.91 of 2005 Date of decision : 39.10.2019 The Commissioner of Income Tax-II, Ludhiana VerTSU ..... Appellant M/s. Nim Industrial Corporation Limited, Ludhiana. ...... Respondent CORAM: HON'BLE MR.JUSTICE AJAY TEWARTHON'BLE MRS.JUSTICEALKA SARIN ... Present ;Mr.Chetan Sood, Advocate and.Mr.Sandeep Goyal, Advocate for the appellant. Mr.Akshay Bhan, Sr. Advocate with Mr.Alok Mittal, Advocate and.Mr.Shantanu, Bansal, Advocate for the respondent. ... AJAY TEWARI, J. (Oral) 1]Learned 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appellant-revenue to file anapplication for revival of the appeal, in case something survives therein. 2 Dismissed as withdrawn with liberty as prayed for. 3,Since the main case has been dismissed, the pending C.M.Application, if any, also stands disposed of. | (AJAY TEWARI)JUDGE 30.10.2019 ranid Whether speaking/reasonedWhether Reportable | (ALKA SARIN)JUDGE Yes/No Yes/No

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