Pr. Commissioner Of Income Tax, Shimla v. H.p. Industrial Development Corporation

IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA ITA No.14 of 2015 Date of Decision: 24[th] October, 2018 Pr. Commissioner of Income Tax, Shimla. .......Appellant. Versus ……Respondent. H.P. Industrial Development Corporation. Coram The Hon’ble Mr. Justice Sanjay Karol, Judge. The Hon’ble Mr. Justice Chander Bhusan Barowalia, Judge. Whether approved for reporting?[1] For the appellant : Mr. Vinay Kuthiala, Senior Advocate with Mr. Devi Singh Verma, Advocate. For the respondent : Mr. Sushant Kaprate, Advocate. Sanjay Karol, Judge (oral). Order dated 27.9.2010, passed by the Commissioner of Income Tax (Appeals), Shimla, H.P; in Appeal No.IT/318/09-10-SML, filed by M/s H.P. State Industrial Development Corporation Ltd; Shimla (Annexure P-2), affirmed vide order dated 8.10.2014 by Income Tax Appellate Tribunal Chandigarh Bench ‘A’, Chandigarh, in ITA No.1226, 1227/Chd/2010, titled as H.P. State Industrial Development Corporation, Shimla vs. A.C.I.T Circle, Shimla (Annexure PA), is the subject matter of consideration in the present appeal filed under Section 260-A of the Income Tax Act, 1961. 2. In view of para-5 of Circular No.3 of 2018, dated 11.7.2018, issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, appeal is not pressed due to low tax component involved in the appeal. Ordered accordingly. 3. However, it stands clarified that withdrawal of the appeal shall not have any bearing on the outcome/merits of other connected matters, if any. (Sanjay Karol) Judge (Chander Bhusan Barowalia) 24[th] October, 2018 Judge (CS)