Pr.commissioner Of Income Tax (Central)Gurgaon v. M/S Sab Industries Limited

IN THE HIGH COURT OF PUNJAB & HARYANAAT CHANDIGARH I.T.Appeal No.67/2017 Date of decision:20.02.2020. Pr.Commissioner of Income Tax (Central)Gurgaon ..............Appellant. v. M/s SAB Industries Limited. ..............Respondent Coram:Hon'ble Mr.Justice Jaswant SinghHon'ble Mr.Justice Sant Parkash Present:-Ms.Harpreet Kaur,Advocate for Mr.Kamal Sharma,Senior Standing Counsel for appellant.Mr.Kamal Sharma,Senior Standing Counsel for appellant. Jaswant Singh,J(Oral). Revenue is in appeal under Section 260-A of the IncomeTax Act,1961 against the order dated 10.8.2016(A-3) passed byIncome Tax Appellate Tribunal, Division Bench,Chandigarh, wherebythe appeal filed by respondent-assessee was allowed and addition ofRs.2,52,38,636/- in the income of assessee for the Assessment Year2009-10 and creating a demand of Rs.81,61,350/-, by the AssessingOfficer vide Annexure A-1 and partly upheld by Ld.CIT(A) vide orderdated 18.1.2013 (A-2), was set aside. At the time of hearing learned counsel seeks permission to withdraw the present appeal in view of Circular No.17, dated8.8.2019 issued by the Authorities concerned, whereby limit to file the appeal before this Court has been raised to Rs.1 Crore, whereas tax liability in the present appeal is Rs.81,61,350/- For the reasons stated above, the instant appeal isdismissed as withdrawn. 20.02.2020.joshi (Jaswant Singh)Judge (Sant Parkash) Judge WhetherYes/NoSpeaking/reasonedWhether ReportableYes/No