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Pr. Commissioner Of Income Tax, Gurgaon v. M/S Machino Polymers Ltd

High Court 17 Aug 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

17 Aug 2019

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Pr. Commissioner Of Income Tax, Gurgaon v. M/S Machino Polymers 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 & HARYANA, CHANDIGARHSr. No.: 205 ITA No.443 of 2018 (O & M)Date of Decision: August 17, 2019 Pr. Commissioner of Income Tax, Gurgaon ..... APPELLANT VERSUS M/s Machino Polymers Ltd. ..... RESPONDENT . . . CORAM: HON'BLE MR. JUSTICE AJAY TEWARI HON’BLE MR. JUSTICE HARNARESH SINGH GILL . . . PRESENT: - Mr. Tajender Joshi, Senior Standing Counsel for the appellant – Revenue. . . . Ajay Tewari, J (Oral) Learned counsel for the appellant-revenue has very fairly stated that since the tax effect involved is less than ` 1 crore, he has instructions to withdraw the present appeal in view of Circular dated 17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes, New Delhi. However, he has prayed that liberty be granted to revenue to file an application for revival of the appeal in case something survives therein. ITA No.443 of 2018 [2] Dismissed as withdrawn with liberty as prayed for. Further the legal issue as claimed by the revenue is being left open to be adjudicated in an appropriate case. (Ajay Tewari) Judge(Harnaresh Singh Gill)August 17, 2019Judge avin Whether Speaking/ Reasoned: Yes/ NoWhether Reportable: Yes/ No

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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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