The Commissioner Of Income Tax, Chandigarh v. M/S Punjab Small Industries & Export Corporation Ltd

IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH ITA No. 27 of 2001Decided on : 17.05.2016 The Commissioner of Income Tax, Chandigarh Versus M/s Punjab Small Industries & Export Corporation Ltd. . . . Appellant . . . Respondent CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE RAJ RAHUL GARG PRESENT: Ms. Urvashi Dhugga, Advocatefor the appellant-revenue. **** AJAY KUMAR MITTAL, J. (Oral) Learned counsel for the appellant-revenue has produced thecommunication dated 30/31.03.2016 and a short affidavit of Saroj Deswal,Principal Commissioner of Income Tax-1, Chandigarh, stating therein thatthe tax effect involved in the present appeal is `2,59,827/-. 2.It was submitted that since the tax effect involved in the presentappeal is less than ` 20 lacs, the monetary limit prescribed by the C.B.D.T,New Delhi, vide circular No. 21/2015, dated 10.12.2015, therefore, she hasinstructions to withdraw the present appeal. However, she prayed thatliberty be granted to the revenue to file an application for revival of theappeal in case something survives therein. 3.Dismissed as withdrawn with liberty as prayed for.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 May 17, 2016 J.Ram (RAJ RAHUL GARG) JUDGE