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2016 (1) TMI 1364 - PUNJAB HARYANA HIGH COURTTax effect involved - monetary limit - Held that:- Since the tax effect involved is ₹ 11,12,407/-, revenue has instructions to withdraw the present appeal in view of the circular No.21/2015, dated 10.12.2015 issued by the C.B.D.T., New Delhi. Dismissed as withdrawn with liberty as prayed for. It is, however, clarified that withdrawal of the appeal by the revenue shall not be taken to be affirmation of order of the Tribunal on merits. The legal issue as claimed by the revenue is being left open to be adjudicated in an appropriate case.
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