The Commissioner of Income-tax, Patiala v. Industrial Cables (India) Ltd
[Citation -2020-LL-0303-36]

Citation 2020-LL-0303-36
Appellant Name The Commissioner of Income-tax, Patiala
Respondent Name Industrial Cables (India) Ltd.
Relevant Act Income-tax
Date of Order 03/03/2020
Judgment View Judgment
Keyword Tags monetary limit • tax effect

IN HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 471/2 Income-tax Appeal No.110 of 2004 (O&M) Date of decision: 03.03.2020 Commissioner of Income-tax, Patiala Appellant Versus M/s Industrial Cables (India) Ltd. Industrial Area, Rajpura Respondent CORAM: HON'BLE MR. JUSTICE AJAY TEWARI HON'BLE MR. JUSTICE AVNEESH JHINGAN Present : Mr. Jitin Kohli, Advocate for Mr. Kunal Sharma, Advocate for appellant. Mr. Divya Suri, Advocate, Mr. Sachin Bhardwaj, Advocate and Mr. Gaurav Singh, Bisht, Advocate for respondent. AJAY TEWARI, J. (Oral) 1. learned counsel appearing for 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 instruction to withdraw present appeal. 2. Allowed as prayed for. 3. Dismissed as withdrawn. (AJAY TEWARI) JUDGE (AVNEESH JHINGAN) JUDGE 03.03.2020 manju Whether speaking/reasoned: Yes / No Whether reportable: Yes / No 1 of 1 Downloaded on - 11-03-2020 16:22:38 Commissioner of Income-tax, Patiala v. Industrial Cables (India) Ltd
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