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Pr. Commissioner Of Income Tax-2, Ludhiana v. Aarti Steel Ltd., G.t. Road, Millerganj, Ludhiana

High Court 22 Nov 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

22 Nov 2019

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Pr. Commissioner Of Income Tax-2, Ludhiana v. Aarti Steel Ltd., G.t. Road, Millerganj, Ludhiana, 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.

YOGESH SHARMA2019.11.26 11:13I attest to the accuracy andintegrity of this document 207IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH ITA-347-2016 (O&M)Date of decision : 22.11.2019 Pr. Commissioner of Income Tax-2, Ludhiana Versus Aarti Steel Ltd., G.T. Road, Millerganj, Ludhiana ... Appellant ... Respondent CORAM:HON'BLE MR. JUSTICE AJAY TEWARIHON'BLE MRS. JUSTICE ALKA SARIN Present:Mr. Chetan Sood, Advocatefor the appellant. **** AJAY TEWARI, J. (ORAL) 1.Learned counsel for the appellant-revenue states that since thetax effect involved is less than the monetary limit as prescribed in CircularNo.3 of 2018 dated 11.07.2018 issued by the Central Board of Direct Taxes,further amended vide Circular No.17 of 2019 dated 08.08.2019 read withLetter No.F.No.279/Misc/M-93/2018-ITJ dated 20.08.2019, he hasinstructions to withdraw the present appeal. However, he prayed that libertybe granted to the appellant-revenue to file an application for revival of theappeal, in case something survives therein. 2.Dismissed as withdrawn with liberty as prayed for. 3.Since the main case has been dismissed, the pending C.M.Application, if any, also stands disposed of.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 22.11.2019 Yogesh Sharma Whether speaking/reasonedWhether Reportable ( ALKA SARIN ) JUDGE Yes/ NoYes/ No

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