Case Law › High Court › The Commissioner Of Income-Tax, Patiala...

The Commissioner Of Income-Tax, Patiala v. M/S Industrial Cables (India) Ltd. Industrial Area, Rajpura

High Court 03 Mar 2020 In favour of: Revenue

Forum / Bench

High Court · phhc

Parties

Date of order

03 Mar 2020

Assessment year(s)

—

Outcome

Allowed

Case summary

In The Commissioner Of Income-Tax, Patiala v. M/S Industrial Cables (India) Ltd. Industrial Area, Rajpura, the High Court (2020) allowed the appeal. The decision went in favour of the Revenue.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

4771/ IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. Income-tax Appeal No.110 of 2004 (O&M)Date of decision: 03.03.2020 The Commissioner of Income-tax, Patiala Appellant Versus M/s Industrial Cables (India) Ltd. Industrial Area, Rajpura ....Respondent CORAM: HON'BLE MR. JUSTICEAJAY TEWARL|HON'BLE MR. JUSTICE AVNEESH JHINGAN Present: Mr. Jitin Kohli, Advocate for,Mr. Kunal Sharma, Advocate for the appellant. Mr. Divya Suri, Advocate,Mr. Sachin Bhardwaj, Advocate andMr. Gaurav Singh, Bisht, Advocate for the respondent. //// AJAY TEWARI_J. (Oral)1.The learned counsel appearing for revenue states that since the tax effect involved 1s less than the monetary limit as prescribed 1n Circular No.3of 2018 dated 11.07.2018 issued by the Central Board of Direct Taxes,further amended vide Circular No.17 of 2019 dated O&8.08.2019 read witLetter No.F.No.279/Misc/M-93/2018-ITJ dated 20.08.2019, he hasinstruction to withdraw the present appeal. ? Allowed as prayed for, 3)Dismissed as withdrawn. (AJAY TEWARIT) JUDGE (AVNEESH JHINGAN) JUDGE 03.03.2020 manjuWhether speaking/reasoned:Yes / NoWhether reportable:Yes / No

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