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The Commissioner Of Income Tax (Exemptions), Chandigarh v. M/S Kesho Ram Narati Devi Gupta Charitable Trust (Regd

High Court 05 Sep 2018 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

05 Sep 2018

Assessment year(s)

—

Outcome

Dismissed

Case summary

In The Commissioner Of Income Tax (Exemptions), Chandigarh v. M/S Kesho Ram Narati Devi Gupta Charitable Trust (Regd, 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.

The order — as passed by the High Court

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH LTA-197-2016 Date of Decision: 5.9.2018 The Commissioner of Income Tax (Exemptions), Chandigarh Versus ...Appellant. M/s Kesho Ram Narati Devi Gupta Charitable Trust (Regd.) ...Respondent. CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL.HON'BLE MR. JUSTICE AVNEESH JHINGAN. PRESENT: Mr. Denesh Goyal, Sr. Standing Counsel for the appellant. Mr. Viraj Gandhi, Advocate for the respondent. AJAY KUMAR MITTAL, J. inLearned counsel for the appellant-revenue states that since thetax effect involved is=39,19,760/-, 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to the revenue to file an application for revival of theappeal in case something survives therein, ?DDismissed as withdrawn with liberty as prayed for.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, 2018 19" (AVNEESH JHINGAN)JUDGE Whether Speaking/Reasoned Whether Reportable Yes/NoYes/No

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