Principal Commissioner of Income Tax, Ludhiana v. M/S Narula Solvex Pvt. Ltd.
Case brief
What is this about?
ITA-23-2024, High Court of Punjab and Haryana at Chandigarh, decided May 05, 2025; Principal Commissioner of Income Tax (Central), Ludhiana v. M/S Narula Solvex Pvt. Ltd.; appeal under Section 260A of the Income Tax Act, 1961 against ITAT Amritsar Bench order dated 09.06.2023 in ITA No.35/Asr/2020; withdrawal sought on tax effect under Rs. 2 crores per CBDT Circular No.9 of 2024 dated 17.09.2024; appeal dismissed as withdrawn; bench: Justice Lisa Gill (author), Justice Sudeepti Sharma; counsel: Varun Issar, Senior Standing Counsel for appellant.
What did the court decide?
The appeal is dismissed as withdrawn, the tax effect involved being under Rs. 2 crores and counsel for the appellant having specific instructions to withdraw in view of CBDT Circular No.9 of 2024. ¶¶12