Case Law › High Court › Commissioner Of Income Tax Del v. M/S. M...

Commissioner Of Income Tax Del v. M/S. Madan Mohan Lal Shriram P

High Court 08 Jul 2020 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

08 Jul 2020

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Commissioner Of Income Tax Del v. M/S. Madan Mohan Lal Shriram P, the High Court (2020) dismissed the appeal. The decision went in favour of the assessee.

Decision: 03/2018 and its amendments dated 20[th] August, 2018 issued by the Central Board of Direct Taxes, the present appeal is dismissed on account of low tax effect.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 1057/2005 COMMISSIONER OF INCOME TAX DEL ..... Appellant Through: Mr. Ruchir Bhatia, Sr. Standing Counsel versus M/S. MADAN MOHAN LAL SHRIRAM P. ..... Respondent Through: None CORAM:HON'BLE MR. JUSTICE MANMOHAN HON'BLE MR. JUSTICE SANJEEV NARULA O R D E R % 08.07.2020 The appeal has been heard by way of video conferencing. Learned senior standing counsel for the appellant draws this Court’s attention to the impugned order of Commissioner of Income Tax (Appeals) wherein it is stated that the tax effect involved in the present appeal is Rs. 77,16,354/-. Consequently, he contends that the tax effect in the present appeal is lower than the threshold limit of Rupees One Crore (Rs. 1,00,00,000/-) prescribed in Circular no. 17/2019 dated 8 August, 2019 issued by the Central Board of Direct Taxes. Since the tax effect involved in the present case is lower than the threshold limit of Rupees One Crore (Rs. 1,00,00,000/-) prescribed in Circular no. 17/2019 dated 8 August, 2019 read with Circular no. 03/2018 and its amendments dated 20[th] August, 2018 issued by the Central Board of Direct Taxes, the present appeal is dismissed on account of low tax effect. The order be uploaded on the website forthwith. Copy of the order be also forwarded to the learned counsel through e-mail. MANMOHAN, J JULY 08, 2020 rn SANJEEV NARULA, J

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