Pr Commissioner Of Income Tax - 3Ludhiana v. Lotus Texpark Limited, 93, Industrialarea-A, Ludhiana
High Court
02 May 2022 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
Pr Commissioner Of Income Tax - 3Ludhiana v. Lotus Texpark Limited, 93, Industrialarea-A, Ludhiana
Date of order
02 May 2022
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Pr Commissioner Of Income Tax - 3Ludhiana v. Lotus Texpark Limited, 93, Industrialarea-A, Ludhiana, the High Court (2022) dismissed the appeal. The decision went in favour of the assessee.
Decision: In light of such stand taken, the instant appeal is dismissed inview of judgment passed in M/s Vardhman Chemtech Private Limited'scase (supra).
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
A15IN THE HIGH COURT OF PUNJAB AND HARYANA.AT CHAN DIGAR
ITA-17-2020(0&M)Date of Decision:02.05.2022
PR COMMISSIONER OF INCOME TAX - 3LUDHIANA
.. APPELLANT
VERSUS
LOTUS TEXPARK LIMITED, 93, INDUSTRIALAREA-A, LUDHIANA..... RESPONDENT
CORAM: HON'BLE MR. JUSTICE TEKEJINDER SINGH DHINDSAHON'BLE MR. JUSTICK PANKAJ JAIN
111
Present:Mr.Rajesh Katoch, Sr.Standing Counsel assisted byMs.Pridhi Jaswinder Sandhu, Jr.Standing Counselfor the appellant.
111
TEJINDER SINGH DHINDSA,J. (ORAL)
Learned Senior Standing Counsel for the appellant has at thevery outset fairly conceded that the issue involved in the instant appealwould be covered against the revenue in the light of Division Benchjudgment passed by this Court in ITA-322-2016 (titled as 'PrincipalCommissioner of Income Tax-I, Chandigarh vs. M/s VardhmanChemtech Private Limited, Chandigarh'), decided on 28th of August,2018.
In light of such stand taken, the instant appeal is dismissed inview of judgment passed in M/s Vardhman Chemtech Private Limited'scase (supra).
(TEJINDER SINGH DHINDSA)JUDGE
02.05.2022sunita
Whether speaking/reasonedWhether Reportable
(PANKAJ JAIN )JUDGE
Yes/NoYes/No
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