Pr. Commissioner Of Income Tax Gurgaon v. M/S Sab Industries Ltd

I.T.Appeal No.67/2017

IN THE HIGH COURT OF PUNJAB & HARYANA

AT CHANDIGARH I.T.Appeal No.67/2017 Date of decision:20.02.2020.

Pr.Commissioner of Income Tax (Central)Gurgaon ..............Appellant.

v.

M/s SAB Industries Limited.

..............Respondent Coram:

Hon'ble Mr.Justice Jaswant Singh Hon'ble Mr.Justice Sant Parkash Present:- Ms.Harpreet Kaur,Advocate for Mr.Kamal Sharma,Senior Standing Counsel for appellant. Jaswant Singh,J(Oral).

Revenue is in appeal under Section 260-A of the Income Tax Act,1961 against the order dated 10.8.2016(A-3) passed by Income Tax Appellate Tribunal, Division Bench,Chandigarh, whereby the appeal filed by respondent-assessee was allowed and addition of Rs.2,52,38,636/- in the income of assessee for the Assessment Year 2009-10 and creating a demand of Rs.81,61,350/-, by the Assessing Officer vide Annexure A-1 and partly upheld by Ld.CIT(A) vide order dated 18.1.2013 (A-2), was set aside.

At the time of hearing learned counsel seeks permission to withdraw the present appeal in view of Circular No.17, dated 8.8.2019 issued by the Authorities concerned, whereby limit to file the appeal before this Court has been raised to Rs.1 Crore, whereas tax RAJINDER PARSHAD JOSHI 2020.02.26 11:19 I attest to the accuracy and integrity of this document

I.T.Appeal No.67/2017 liability in the present appeal is Rs.81,61,350/- For the reasons stated above, the instant appeal is dismissed as withdrawn.

(Jaswant Singh) Judge 20.02.2020.

(Sant Parkash) joshi Judge Whether Speaking/reasoned Yes/No Whether Reportable Yes/No RAJINDER PARSHAD JOSHI 2020.02.26 11:19 I attest to the accuracy and integrity of this document