Commissioner of Income Tax-7 v. PSB Industrial (India) Pvt. Ltd.

Delhi High Court · 09 Jan 2019 · 2019:DHC:7394-DB
Sanjiv Khanna; Vinod Goel
No.419/2018
2019:DHC:7394-DB
tax appeal_dismissed Procedural

AI Summary

The Delhi High Court disposed of a tax appeal as not pressed due to the tax effect being below Rs. 50 lakhs and no pending prosecution, allowing revival if exceptions apply.

Full Text
Translation output
© $-18 HIGH COURT OF DELHI ITANo.419/2018 PR.COMMISSIONER OFINCOME TAX-7 Appellant
Through: Mr.Ruchir Bhatia,Adv.
VERSUS
PSB INDUSTRIAL(INDIA)PVT.LTD. Respondent
Through: Mr.R.K. Gupta,Adv.
CORAM:
HON'BLE MR.JUSTICE SANJIV KHANNA
HON'BLE MR.JUSTICE VINOD GOEL
09.01.2019 Learned counsel for the appellant-Revenue accepts that the tax effect in the present appeal is below Rs.50 lakhs. He however,submits that he does not have any instructions on whether prosecution proceedings have been initiated. Counsel for respondent, on instructions, submits that no prosecution proceedings are pending.
In view of the statements, the appeal is disposed of as not pressed, giving liberty to the Revenue to file an application for revival in case the matter is covered by any exception vide circular No.3 of 2018 dated ll"^
July,2018 and clarification issued.
The appeal is disposed ofin the aforesaid terms.
SANJIV KHANNA,J.
VINOD GOEL,J.
JANUARY 09,2019/neelam 2019:DHC:7394-DB
JUDGMENT