In Commissioner Of Income Tax-(Central)-I v. Siddharath Sareen, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal and the application are dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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* IN THE HIGH COURT OF DELHI AT NEW DELHI
4. + ITA 151/2016
COMMISSIONER OF INCOME TAX-(CENTRAL)-I..... Appellant Through: Mr. Ashok Manchanda, Senior Standing Counsel with Ms. Vibhooti Malhotra, Advocate.
versus
SIDDHARATH SAREEN
..... Respondent
CORAM:JUSTICE S. MURALIDHAR JUSTICE VIBHU BAKHRU O R D E R
% 23.02.2016
-ITA No. 151/2016 & CM No. 5558/2016 (for condonation of delay in refiling the appeal)
1. Learned counsel for the Revenue points out that the tax effect is less than
Rs.20 lakhs. He states that in view of Circular No. 21/2015 dated 10[th]December 2015 issued by the Central Board of Direct Taxes, he does not press this appeal.
2. The appeal and the application are dismissed as not pressed.
S. MURALIDHAR, J
FEBRUARY 23, 2016/dn
VIBHU BAKHRU, J
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