Pr. Commissioner Of Income Tax, Panchkula v. Baldev Singh Mahindra

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARR 207 ITA-308-2016 (O&M)Decided on: 17.07.2018 Pr. Commissioner of Income Tax, Panchkula ... Appellant Versus Baldev Singh Mahindra ... Respondent CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MR. JUSTICE AVNEESH JHINGAN Present:-Mr. Yogesh Putney, Senior Standing Counsefor the appellant-revenue. Mr. B.M.Monga, Advocate andMr. Rohit Kaura, Advocate for the respondent-assessee. 333 AJAY KUMAR MITTAL, J. (Oral) CM;1443]FCllm2017 Learned counsel for the assessee prays for withdrawal of themiscellaneous application. Dismissed as withdrawn. ITAF!#%F2016 Learned counsel for the appellant-revenue states that since thetax effect involved is =30,24,785/-, he has instructions to withdraw thepresent appeal in view of the circular No.03/2018, dated 11.07.2018 issuedby the C.B.D.T., New Delhi. However, he prayed that liberty be granted tothe revenue to file an application for revival of the appeal in case somethingsurvives therein. Dismissed as withdrawn with liberty as prayed for. It is,however, clarified that withdrawal of the appeal by the revenue shall not be IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARR ITA-308-2016 (O&M) -)- taken to be affirmation of order of the Tribunal on merits. Further, the legalissue as Claimed by the revenue is being left open to be adjudicated in an appropriate case. (AJAY KUMAR MITTAL)JUDGE 17.07.2018anju (AVNEESH JHINGAN)JUDGE Whether speaking/reasoned?Whether reportable? Yes/NoYes/No