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Principal Commissioner Of Income Tax (Central) Gurgaon v. M/S Renaissance Buildcon Company (P) Ltd

High Court 12 Jul 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

12 Jul 2019

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Principal Commissioner Of Income Tax (Central) Gurgaon v. M/S Renaissance Buildcon Company (P) 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.

The order — as passed by the High Court

IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH. 112 ITA-48-2019(0&M)Date of Decision : 12.07.2019 Principal Commissioner of Income Tax (Central) Gurgaon Versus ... Appellant M/s Renaissance Buildcon Company (P) Ltd. ...Respondents CORAM: HON'BLE MR. JUSTICE AJAY TEWARIHON'BLE MR. JUSTICE HARNARESH SINGH GILL Present:Mr. Kunal Sharma, Senior Standing Counsel for the appellant. HARNARESH SINGH GILL, J. The present appeal has been filed by the Revenue under Section260-A of the Income Tax Act, 1961 against the order of the Income TaxAppellate Tribunal, Chandigarh Bench 'B' Chandigarh. Before proceeding further, from the perusal of the appeal it isforthcoming that the amount involved in the present appeal is onlyRs.6,81,406/-. Learned counsel for the appellant has not disputed the fact that thetax effect involved in the present appeal is less than the monetary limitsfixed by Circular No.3/2018 dated 11.07.2018 issued by Central BoardDirector Taxes, Government of India, Ministry of Finance, Department of Revenue. He seeks permission to withdraw the present appeal in view of thesaid circular. He has prayed that liberty be granted to the Revenue to fileapplication for revival in case something survives. Dismissed as withdrawn with liberty as prayed for. The legalissues claimed by the Revenue are left open for adjudication in anappropriate case. (AJAY TEWARI )JUDGE ( HARNARESH SINGH GILL )12.07.2019JUDGEpooja saini Whether speaking/reasoned?Whether reportable? Ves/NoYes/No

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