Case LawHigh Court › The Commissioner Of Income Tax, Karnal v...

The Commissioner Of Income Tax, Karnal v. Shri Ramneek Chaudhary (Huf), Karnal

High Court 24 Jul 2018 In favour of: Assessee
Forum / Bench
High Court · phhc
Parties
The Commissioner Of Income Tax, Karnal v. Shri Ramneek Chaudhary (Huf), Karnal
Date of order
24 Jul 2018
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In The Commissioner Of Income Tax, Karnal v. Shri Ramneek Chaudhary (Huf), Karnal, 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.
IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH ITA-135-2015 (O&M) Date of Decision: 24.7.2018 The Commissioner of Income Tax, Karnal Versus ...Appellant. Shri Ramneek Chaudhary (HUF), Karnal ...Respondent. CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL.HON'BLE MR. JUSTICE AVNEESH JHINGAN. PRESENT: Mr. Yogesh Putney, Sr. Standing Counsel for the appellant. Mr. Sanjay Bansal, Senior Advocate with Mr. Amit Parsad, Advocate for the respondent. AJAY KUMAR MITTAL, J. 1.Learned counsel for the appellant-revenue states that since thetax effect involved is ` 43,02,564/-, 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to the revenue to file an application for revival of theappeal in case something survives therein. 2.Dismissed as withdrawn with liberty as prayed for.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. (AJAY KUMAR MITTAL) JUDGE July 24, 2018gbs (AVNEESH JHINGAN) JUDGE Whether Speaking/ReasonedWhether Reportable Yes/NoYes/No
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