The Commissioner Of Income Tax (Central), Ludhiana v. Shri Mohinder Gupta
High Court
26 Jul 2018 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
The Commissioner Of Income Tax (Central), Ludhiana v. Shri Mohinder Gupta
Date of order
26 Jul 2018
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax (Central), Ludhiana v. Shri Mohinder Gupta, the High Court (2018) 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.
Gurbachan Singh
IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH
ITA-328-2014 and
X-Obj. No.194-CII-2015
Date of Decision: 26.7.2018
The Commissioner of Income Tax (Central), Ludhiana
...Appellant.
Versus
Shri Mohinder Gupta
...Respondent.
CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL.HON'BLE MR. JUSTICE AVNEESH JHINGAN.
PRESENT: Mr. Rajesh Katoch, Sr. Standing Counsel for the appellant.
Mr. Manpreet Singh Kanda, Advocate for the respondent.
AJAY KUMAR MITTAL, J.
1.Learned counsel for the appellant-revenue states that since thetax effect involved is ` 22,54,950/-, 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2.Dismissed as withdrawn with liberty as prayed for.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.
3.Learned counsel for the respondent prays for withdrawal of thecross-objections and the applications filed therewith.
4.Ordered accordingly.
(AJAY KUMAR MITTAL) JUDGE
July 26, 2018(AVNEESH JHINGAN)gbs JUDGE Whether Speaking/ReasonedYes/NoWhether ReportableYes/No
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