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Pr. Commissioner Of Income Tax (Central), Gurugram v. M/S. Nrm Portfolios Pvt. Ltd

High Court 03 May 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

03 May 2019

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Pr. Commissioner Of Income Tax (Central), Gurugram v. M/S. Nrm Portfolios Pvt. Ltd, 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.

IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH [TTA-408-201Decided on: 03.05.2019 Pr. Commissioner of Income Tax (Central), Gurugram .... Appellant Vs M/s. NRM Portfolios Pvt. Ltd. .. Respondent CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE MANJARI NEHRU KAUL Present:Mr. Kunal Sharma, Sr. Standing Counselfor the appellant-Revenue. >K K AJAY KUMAR MITTAL_J (ORAL) Learned counsel for the appellant-revenue states that sincethe tax effect involved is.=25,18,350/-, he has instructions to withdrawthe present appeal in view of the Circular No.03/2018, dated 11th July,2018, issued by the C.B.D.T., New Delhi. However, he prayed thatliberty be granted to the Revenue to file an application for revival of theappeal in case something survives therein. 2 |Dismissed as withdrawn with liberty as prayed for. It 1s,however, clarified that withdrawal of the appeal by the Revenue shallnot be taken to be affirmation of order of the Tribunal on merits. Further,the legal issue as claimed by the Revenue is being left open to beadjudicated in an appropriate case. (AJAY KUMAR MITTAL)JUDGE (MANJARI NEHRU KAUL)JUDGE

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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