Loading judgment…
No AI summary yet for this case.
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH **** 202-1
ITA-34-2016 (O&M) Date of Decision: 03.02.2026
PR. COMMISSIONER OF INCOME TAX-I
...Appellant Vs. M/S VARDHMAN ACRYLICS LTD.
…Respondent And
Sr. No. Case No. Appellant(s) Respondent(s) 2. ITA-142-2016 (O&M) Pr. Commissioner of Income Tax-1 M/s Vardhaman Textiles Ltd. 3. ITA-171-2016 Pr. Commissioner of Income Tax M/S Steel Strips Wheels Ltd. 4. ITA-184-2017 (O&M) Pr. Commissioner of Income Tax-1 M/s Vardhaman Acrylics Ltd. 5. ITA-193-2016 Pr. Commissioner of Income Tax M/s Steel Strips Wheels Ltd. 6. ITA-204-2022 (O&M) Pr. Commissioner of Income Tax-1 M/s Vardhaman Textiles Ltd. 7. ITA-310-2019 (O&M) Pr. Commissioner of Income Tax-1 M/s Vardhaman Holdings Ltd. 8. ITA-44-2019 (O&M) Pr. Commissioner of Income Tax-1 M/s Vardhaman Textiles Ltd. 9. ITA-83-2021 (O&M) Chief Commissioner of Income Tax M/s Vardhaman Textiles Ltd. 10. ITA-101-2016 (O&M) Pr. Commissioner of Income Tax-1 M/s Vardhaman Acrylics Ltd.
CORAM:- HON'BLE MR. JUSTICE JAGMOHAN BANSAL HON'BLE MR. JUSTICE PARMOD GOYAL
Present:- Mr. Ranvijay Singh, Sr. Standing Counsel with Ms. Nikita Garg, Jr. Standing Counsel and Mr. Vidul Kapoor, Jr. Standing Counsel for the appellant-Income Tax
Ms. Radhika Suri, Sr. Advocate with
Ms. Parnika Singla, Advocate and
Mr. Abhinav Narang, Advocate for the respondent-assessee *** DEEPAK BISSYAN 2026.02.04 12:10 I attest to the accuracy and integrity of this document
ITA-34-2016 and connected cases
-2-
JAGMOHAN BANSAL, J. (ORAL)
As common issues are involved in the captioned appeals, with the consent of both sides, the same are hereby disposed of by this common order. 2.
Learned counsel for the respondent-assessee submits that tax effect in the instant appeals is less than monetary limit prescribed by Central Board of Direct Taxes vide Circulars dated 15.03.2024 and 06.08.2024. 3.
Learned counsel for the appellant-Income Tax expressed his inability to controvert aforesaid statement, however, seeks permission to move an appropriate application, if anything contrary is found later on. 4.
Dismissed in terms of aforesaid circulars with aforesaid liberty. 5.
Pending application(s), if any, stands disposed of.
(JAGMOHAN BANSAL)
JUDGE
(PARMOD GOYAL)
JUDGE February 03, 2026 Deepak DPA
Whether Speaking/reasoned Yes/No
Whether Reportable
Yes/No DEEPAK BISSYAN 2026.02.04 12:10 I attest to the accuracy and integrity of this document