Commissioner Of Income Tax-Ii v. M/S A.K. Alloys (P) Ltd.

2023:PHHC:119070-DB ITA-131-2012

IN THE HIGH COURT OF PUNJAB AND HARYANA AT

CHANDIGARH ITA-131-2012 Date of Decision:-11.09.2023 Commissioner of Income Tax-II, Ludhiana ......Appellant

Versus

M/S A.K. Alloys (P) Ltd.

......Respondent CORAM: HON'BLE MS JUSTICE RITU BAHRI HON'BLE MR. JUSTICE ALOK JAIN ****

Present:

None for the appellant.

Ms. Diksha Verma, Advocate for Mr. S.K. Mukhi, Advocate for the respondent.

**** RITU BAHRI, J. (Oral) 1.

Learned counsel for the respondent has referred to the circular No. 17 issued by Govt. of India in 2019 as per which the revenue is not to pursue an appeal in which amount involved is less than one crore and in the present appeal also the tax effect is on the lower side i.e. less than one crore.

2.

In view of the above, since the amount is below than one crore, the present appeal is being dismissed keeping the option open for the PARUL 2023.09.19 15:45 I attest to the accuracy and authenticity of this document

2023:PHHC:119070-DB ITA-131-2012 revenue, if it falls in any exception.

3.

Pending application, if any, also stands disposed of. (RITU BAHRI) JUDGE (ALOK JAIN) JUDGE September 11, 2023 Parul Whether speaking/reasoned:- Yes/No Whether Reportable:- Yes/No PARUL 2023.09.19 15:45 I attest to the accuracy and authenticity of this document