The Commissioner Of Income Tax-I, Chandigarh v. M/S Pepsi Foods Pvt. Ltd., Chandigarh

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH ITA-222-2011 (O&M) Date of Decision: 1.8.2018 The Commissioner of Income Tax-I, Chandigarh Versus ...Appellant. M/s Pepsi Foods Pvt. Ltd., Chandigarh ...Respondent. CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL.HON'BLE MR. JUSTICE AVNEESH JHINGAN. PRESENT: Ms. Urvashi Dhugga, Sr. Standing Counsel for the appellant. Mr. Vishal Kalra, Advocate for the respondent. AJAY KUMAR MITTAL, J. 1.Learned counsel for the appellant-revenue states that since thetax effect involved is ` 31,42,030/-, she has instructions to withdraw thepresent appeal as well as the applications in view of Circular No.03/2018,dated 11[th] July, 2018, issued by the Central Board of Direct Taxes, NewDelhi. However, she has prayed that liberty be granted to the revenue to filean application for revival of the appeal in case something survives therein.2.Dismissed as withdrawn with liberty as prayed for.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 August 1, 2018gbs (AVNEESH JHINGAN) JUDGE Whether Speaking/Reasoned Whether Reportable Yes/NoYes/No