305-2 IN HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH ITA No.744 of 2008 Date of Decision: 27.01.2020 Commissioner of Income Tax, Ludhiana-II Appellant Versus M/s Hero Cycles Ltd., Ludhiana Respondent CORAM: HON'BLE MR. JUSTICE AJAY TEWARI HON'BLE MR. JUSTICE AVNEESH JHINGAN Present: Mr. Sandeep Goyal, Advocate for appellant. Mr. Alok Mittal, Advocate for respondent. AJAY TEWARI, J (Oral): 1. Learned counsel for appellant-revenue states that since tax effect involved is less than monetary limit as prescribed in Circular No.3 of 2018 dated 11.07.2018 issued by Central Board of Direct Taxes, further amended vide Circular No.17 of 2019 dated 08.08.2019 read with Letter No.F.No.279/Misc/M-93/2018-ITJ dated 20.08.2019, he has instructions to withdraw present appeal. However, he prayed that liberty be granted to appellant-revenue to file application for revival of appeal, in case something survives therein. 2. Dismissed as withdrawn with liberty as prayed for. 3. Since main case has been dismissed as withdrawn, pending C.M. Application, if any, stands disposed of. [AJAY TEWARI] JUDGE [AVNEESH JHINGAN] JUDGE January 27, 2020 pankaj baweja 1. Whether speaking/ reasoned : Yes / No 2. Whether reportable : Yes / No PANKAJ BAWEJA 2020.01.28 18:42 I attest to accuracy and authenticity of this document HIGH COURT, CHANDIGARH Commissioner of Income-tax, Ludhiana-II v. Hero Cycles Ltd