In The Principal Commissioner Of Income Tax, Ranchi v. M/S. Daulal Nandlal Trading Private Limited, the High Court (2022) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the submissions made by learned counsel for the appellant, the instant appeal is dismissed as withdrawn with the aforesaid liberty.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JHARKHAND AT RANCHI Tax Appeal No. 57 of 2019
The Principal Commissioner of Income Tax, Ranchi
---Appellant
Versus
...Respondent
M/s. Daulal Nandlal Trading Private Limited
---
CORAM: Hon’ble Mr. Justice Aparesh Kumar Singh Hon’ble Mr. Justice Deepak Roshan
---
For the Appellant : Mr. Rahul Lamba, Advocate
For the Respondent : Mr. Mahendra Kr. Chowdhary, Advocate
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07/21.03.2022
Learned counsel for the appellant-Income Tax Department, Mr.
Rahul Lamba submits on instruction that the tax effect of the disputed amount is less than the monetary limit prescribed for preferring the appeal before this Court in terms of CBDT Circular no. 23/2019. Learned counsel for the appellant seeks liberty for the appellant to move before learned ITAT in accordance with law.
Learned counsel for the respondent is present.
In view of the submissions made by learned counsel for the appellant, the instant appeal is dismissed as withdrawn with the aforesaid liberty.
(Aparesh Kumar Singh, J)
jk/
(Deepak Roshan,J)
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