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Pr. Commissioner Of Income Tax -2, Chandigarh v. M/S Punjab Agro Industries Corporation Limited

High Court 12 Sep 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

12 Sep 2019

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Pr. Commissioner Of Income Tax -2, Chandigarh v. M/S Punjab Agro Industries Corporation Limited, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.

Decision: The present appeal is dismissed in the same terms.

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 HARYANAAT CHANDIGARH) 103 ITA No. 146 of 2019 (O&M)Date of Decision : 12.09.2019 Pr. Commissioner of Income Tax -2, Chandigarh ... Appellant Versus M/s Punjab Agro Industries Corporation Limited ....Respondent CORAM:HON'BLE MR. JUSTICE AJAY TEWARIHON'BLE MR. JUSTICE HARNARESH SINGH GILL Present:Ms. Urvashi Dugga, Senior Standing Counsel for the appellant.AJAY TEWARI, J.(ORAL) 1.Learned counsel for the appellant states that the tax effect in thiscase 1s lessor to Rupees One Crore yet the case is covered by the exception,However, in the identical matter involving similar question of law, thiscourt has already taken a decision against the revenue in the case titledPrincipal Commissioner of Income Tax-I, Chandigarh Versus M/sVardhman Chemtech Private Limited, Chandigarhdecided on 28.08.2018(ITA No. 322 of 2016). The present appeal is dismissed in the same terms. 2 Since the main case has been dismissed, the pending C.M.,application, if any, also stands disposed of. (AJAY TEWARI )JUDGE 12.09.2019pooja saini ( HARNARESH SINGH GILL )JUDGE Whether speaking/reasoned? Yes/NoYes/No

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