Pr. Commissioner of Income-tax-2, Chandigarh v. Punjab Genco Limited
[Citation -2019-LL-0903-37]
Citation | 2019-LL-0903-37 |
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Appellant Name | Pr. Commissioner of Income-tax-2, Chandigarh |
Respondent Name | Punjab Genco Limited |
Court | HIGH COURT OF PUNJAB & HARYANA |
Relevant Act | Income-tax |
Date of Order | 03/09/2019 |
Judgment | View Judgment |
Keyword Tags | tax effect • condonation of delay • withdrawal of appeal |
Bot Summary: | AJAY TEWARI, J. CM-23703-CII-2018 For the reasons recorded, the application is allowed. Delay of 33 days in refiling the appeal is condoned. Main Case Learned counsel for the appellant-Revenue has very fairly stated that since the tax effect involved is less than Rs.1 crore. He has instruction to withdraw the present appeal in view of the circular dated 17/2019 dated 8.8.2019 issued by the Central Board of Direct Taxes, New Delhi. He has prayed that liberty be granted to Revenue to file an application for revival of the appeal in case something survives therein. Further,the legal issue as claimed by the Revenue is being left open to be adjudicated in an appropriate case. Since the main case has been dismissed as withdrawn, the pending C.M, if any also stands dismissed. |