M/S Venus Apparels v. Commissioner Of Income Tax, Ludiana

IN THE HIGH COURT OF PUNJAB & HARYANAAT CHANDIGARH ITA-207-2017 (O&M) Date of Decision: 17.05.201 M/s Venus Apparels ... Appellant Versus Commissioner of Income Tax, Ludiana... Respondent CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL,ACTING CHIEF JUSTICE. HON'BLE MR.JIUSTICEK TEJINDER SINGH DHINDS Present:-.Mr. Sunil K. Mukhi, Advocate for the appellant. AJAY KUMAR MITTAL, ACJ. 1.The present appeal has been preferred under Section 260Aof the Income Tax Act, 1961 (in short the ‘Act') assailing the orderdated 10.08.2016 (Annexure A-3) in terms of which commission ofRs.47,52,247/- paid to Foreign Agents @ 10% of the total sales bookedby them has been disallowed under Section 40 (a) (ia) read with Section195(1) of the Act, 2.After arguing for sometime, learned counsel for theappellant submitted that he may be allowed to withdraw the presentappeal with liberty to approach the Tribunal by way of filingmiscellaneous application under Section 254 (2) of the Act. 3.Dismissed as withdrawn with liberty to the appellant to take TTA-207-2017 (O&M) recourse to the remedies as may be available to it in accordance with law. (AJAY KUMAR MITTAL)ACTING CHIEF JUSTICE 17.05.2018harjeet (TEJINDER SINGH DHINDSA)JUDGE 1)Whether speaking/reasoned?Yes/No11)Whether reportable?Yes/No