Commissioner Of Income Tax Central Ii v. Krishna Vinyls Ltd
High Court
23 Jan 2020 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Commissioner Of Income Tax Central Ii v. Krishna Vinyls Ltd
Date of order
23 Jan 2020
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax Central Ii v. Krishna Vinyls Ltd, the High Court (2020) dismissed the appeal. The decision went in favour of the assessee.
Decision: 58,03,699/- 3.In view of the above, the appeal is dismissed aswithdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.
INCOME TAX APPEAL NO. 396 OF 2008
Commissioner of Income Tax Central IIVersusKrishna Vinyls Ltd
..Appellant
..Respondent
...................
Mr. Sham Walve a/w Pritesh Chatterjee for the AppellantMr. Sham Walve a/w Pritesh Chatterjee for the Appellant
...................
CORAM : UJJAL BHUYAN &
MILIND N. JADHAV, JJ.
DATE : JANUARY 23, 2020.
P.C.:
1.Heard Mr. Sham Walve, learned standing counsel,revenue for the appellant. He submits that he has notreceived any instructions from the department.
2.In this appeal under Section 260A of the Income TaxAct, 1961 filed by the revenue, the tax effect is less than theprescribed limit of Rs. one crore in terms of CBDT CircularNo. 17/2019 dated 8.8.2019, being Rs. 58,03,699/-
3.In view of the above, the appeal is dismissed aswithdrawn.
4.Refund of Court fees as per rules.
[ MILIND N. JADHAV, J. ] [ UJJAL BHUYAN, J. ]
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