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

IN THE HIGH COURT QF PUNJAB AND HARYANA AT |CHANDIGARH LTA-2-2012 ©(O&M)Date of decision:- 11.02.2019 Tne Commissioner of Income Tax, Patiala .. Appellant Versus M/s Industrial Cables (India) Ltd., Rajpura .. Respondent CORAM* HON'BLE MR. JUSTICE KRISHNA MURARITCHIEF JUSTICEHON’BLE MR. JUSTICE ARUN PALLI Present:- Mr. Rajesn Katoch, Aavocate, for the appellant.for the respondent. Mr. Pankaj Jain, Senior Aavocate, with Mr. Divya Suri, Advocate,for the respondent. x KK* KRISHNA MURARI[C.J.(ORAL) Learned counsel for the appellant-revenue states that|since the tax effect involved is221,02,352/-, he has instructionsto withdraw the present appeal in view of Circular No. 03/2018,dated 11.07.2018 issued by the Central Board of Direct Taxes, New|Delhi. However, he has prayed tnat liberty be granted to the revenueto file an application for revival of the appeal in case somethingsurvives tnerein. 2.|Dismissed as witndrawn with Liberty as prayed for. It 1s,however, Clarified that withdrawal of the appeal by the revenue|snall not pe taken to be affirmation of order of the Tribunal on merits. Further, the legal issue as claimed by the revenue 1s beingleft open to be adjudicated 1n an appropriate case. (KRISHNA MURART)CHILEF JUSTICE (ARUN PALLT) JUDGE 11.02.2019 Anodh| AMODH SHARMAWnetner s$eakin;/reasoned2019.02.13 12:21Whether re$ortableI attest to the accuracy andintegrity of this document