Principal Commissioner Of Income Tax (Central), Gurgaon v. Shri Amit Katyal

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH [TTA-389-2017 Date of Decision: 5.9.2018 Principal Commissioner of Income Tax (Central), Gurgaon| ...Appellant. Versus Shri Amit Katyal ...Respondent. CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL.| HON'BLE MR. JUSTICE AVNEESH JHINGAN. PRESENT: Mr. Rajesh Sethi, Sr. Standing Counsel with Ms. Pridhi Jaswinder Sandhu, Advocate and |Mr. Arun Biriwal, Advocate for the appellant.Mr. Arun Biriwal, Advocate for the appellant. None for the respondent. AJAY KUMAR MITTAL5JD.| 1.Learned counsel for the appellant-revenue states that since thetax effect involved isL33,32,340/-, he has instructions to withdraw thepresent appeal in view of Circular No.03/2018, dated 11[th]July, 2018, issuedby the Central Board of Direct Taxes, New Delhi. However, he has prayedthat liberty be granted to the revenue to file an application for revival of theappeal in case something survives therein. 2 |Dismissed as withdrawn with liberty as prayed for. It is,however, clarified that withdrawal of the appeal by the revenue shall not betaken 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 anappropriate case. (AJAY KUMAR MITTAL)JUDGE) September 5, 20181?# (AVNEESH JHINGAN)JUDGE Whether Speaking/ReasonedWhether ReportableWhether Reportable Yes/No.Yes/No.