Commissioner Of Income Tax-I, Chandigarh v. M/S Pepsi Foods Pvt. Ltd.

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH ITA-384-2010 (O&M) DECIDED ON: 13.08.2024 COMMISSIONER OF INCOME TAX-I, CHANDIGARH .....APPELLANT

VERSUS

M/S PEPSI FOODS PVT. LTD.

.....RESPONDENT CORAM: HON'BLE MR. JUSTICE SANJEEV PRAKASH SHARMA HON'BLE MR. JUSTICE SANJAY VASHISTH.

Present:

Mr. Vaibhav Gupta, Standing Counsel, for Mr. Yogesh Putney, Senior Standing Counsel, for the appellant.

Mr. Anmol Anand, Advocate, and Ms. Priya Tandon, Advocate, for the respondent.

SANJEEV PRAKASH SHARMA, J (ORAL) 1.

Admittedly, the tax effect is much less than Rs.1,00,00,000/-, as the challenge is with regard to the allowing of deduction of Rs.57,96,000/-. Even, question No. 'A' as mentioned, is of an amount of Rs.26,41,993/-. 2.

In terms of Circular No.5, dated 15.03.2024, since the tax effect in the present writ petition is less than Rs.1,00,00,000/-, therefore, the same is held to be not maintainable.

3.

Accordingly, present writ petition stands dismissed. 4.

Pending miscellaneous application(s), if any, shall also stand disposed of.

(SANJEEV PRAKASH SHARMA) JUDGE (SANJAY VASHISTH) JUDGE 13.08.2024 Lavisha Whether speaking/reasoned Yes/No Whether reportable Yes/No JAWALA RAM 2024.08.14 18:07 I attest to the accuracy and authenticity of this document