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The Commissioner Of Income Tax, Panchkula v. M/S Precision Membrances Pvt. Ltd

High Court 25 Jan 2016 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

25 Jan 2016

Assessment year(s)

2002-03

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In The Commissioner Of Income Tax, Panchkula v. M/S Precision Membrances Pvt. 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. 875 of 2008 (O&M) Decided on : 25.01.2016 The Commissioner of Income Tax, Panchkula Versus M/s Precision Membrances Pvt. Ltd. . . . Appellant . . . Respondent CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTALHON'BLE MRS. JUSTICE RAJ RAHUL GARG PRESENT: Mr. Yogesh Putney, Advocatefor the appellant-revenue. Mr. Saurabh Kapoor, Advocatefor the respondent-assessee. **** AJAY KUMAR MITTAL, J. (Oral) Learned counsel for the appellant-revenue states that since the taxeffect involved is ` 14,72,557/- (`8,99,222/- for the Assessment Year 2002-03+ `5,73,335/- for the Assessment Year 2004-05), he has instructions towithdraw the present appeal in view of the circular No.21/2015, dated10.12.2015 issued by the C.B.D.T., New Delhi. However, he prayed thatliberty be granted to the revenue to file an application for revival of the appealin case something survives therein. 2.Dismissed as withdrawn with liberty as prayed for.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 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 (RAJ RAHUL GARG) JUDGE

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