In Commissioner Of Income Tax Del Through: None v. Micro Abrasives India Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly 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
21.+ ITA 343/2005
COMMISSIONER OF INCOME TAX DEL Through: None.
..... Appellant
versus
MICRO ABRASIVES INDIA LTD.
..... Respondent
Through: Mr Ritvick Navet, Advocate.
CORAM:JUSTICE S.MURALIDHAR JUSTICE VIBHU BAKHRU
O R D E R05.02.2016
%
1. The tax effect in this appeal is less than Rs.20 lakhs. In view of Circular
No. 21/2015 dated 10[th] December 2015 issued by the Central Board of
Direct Taxes, this appeal has to be treated as not pressed by the Revenue.
2. The appeal is accordingly dismissed as not pressed.
S.MURALIDHAR, J
FEBRUARY 05, 2016
MK
VIBHU BAKHRU, J
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