The Commissioner Of Income Tax, Faridabad v. M/S Electrobug Technologies Ltd
High Court
21 Jan 2016 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
The Commissioner Of Income Tax, Faridabad v. M/S Electrobug Technologies Ltd
Date of order
21 Jan 2016
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax, Faridabad v. M/S Electrobug Technologies Ltd, the High Court (2016) 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.
IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH
ITA No. 591 of 2010 (O&M)Decided on : 21.01.2016
The Commissioner of Income Tax, Faridabad
Versus
M/s Electrobug Technologies Ltd.
... Appellant
... Respondent
CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITIALHON'BLE MRS. JUSTICE RAJ RAHUL GARG
PRESENT: Mr. Tajender K.Joshi, Advocatefor the appellant.
****
AJAY KUMAR MITTAL, J. (Oral)
Learned counsel for the appellant-revenue states that since the taxeffect involved is4+,26,047/-, he has instructions to withdraw the presentappeal in view of the circular No.21/2015, dated 10.12.2015 issued by theC.B.D.T., New Delhi. However, he prayed that liberty be granted to therevenue to file an application for revival of the appeal in case somethingsurvives therein.
2.Dismissed as withdrawn with liberty as prayed for. It is, however,clarified that withdrawal of the appeal by the revenue shall not be taken to beaffirmation of order of the Tribunal on merits. Further, the legal issue asclaimed by the revenue is being left open to be adjudicated in an appropriateCase.
(AJAY KUMAR MITTAL)JUDGE
January 21, 2016
smriti
(RAJ RAHUL GARG)JUDGE
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