Pr. Commissioner Of Income Tax-1 Chandigarh v. M/S Thukral Regal Shoes Chandigarh

ITA-404-2016 (O&M) and X-Obj-84-CII-2018 (O&M) -1IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH ITA-404-2016 (O&M) and X-Obj-84-CII-2018 (O&M) Date of Decision: 31.7.2018 Principal Commissioner of Income Tax-I, Chandigarh ...Appellant.

Versus

M/s Thukral Regal Shoes, Chandigarh

...Respondent.

CORAM:- HON'BLE MR. JUSTICE AJAY KUMAR MITTAL. HON'BLE MR. JUSTICE AVNEESH JHINGAN.

PRESENT: Ms. Urvashi Dhugga, Sr. Standing Counsel for the appellant. Mr. B.M. Monga, Advocate and Mr. Rohit Kaura, Advocate for the respondent. AJAY KUMAR MITTAL, J.

ITA-404-2016 1.

Learned counsel for the appellant-revenue states that since the tax effect involved is ` 21,44,298/-, she has instructions to withdraw the present appeal in view of Circular No.03/2018, dated 11th July, 2018, issued by the Central Board of Direct Taxes, New Delhi. However, she has prayed that liberty be granted to the revenue to file an application for revival of the appeal in case something survives therein.

Gurbachan Singh 2018.08.02 13:51 I attest to the accuracy and integrity of this document

ITA-404-2016 (O&M) and X-Obj-84-CII-2018 (O&M) -22.

Dismissed as withdrawn with liberty as prayed for. It is, however, clarified that withdrawal of the appeal by the revenue shall not be taken to be affirmation of order of the Tribunal on merits. Further, the legal issue as claimed by the revenue is being left open to be adjudicated in an appropriate case.

X-Obj-84-CII-2018 (O&M) Cross-objections had been filed by the respondent in person. Learned counsel for the respondent plead no instructions. Dismissed for non-prosecution.

(AJAY KUMAR MITTAL) JUDGE July 31, 2018 (AVNEESH JHINGAN) gbs JUDGE Whether Speaking/Reasoned Yes/No Whether Reportable Yes/No Gurbachan Singh 2018.08.02 13:51 I attest to the accuracy and integrity of this document