In Commissioner Of Income Tax Delhi v. Rolex Steel (I) Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is 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 R-169+ ITA 131/2004
COMMISSIONER OF INCOME TAX DELHI
..... Petitioner
Through: Mr. Rahul Chaudhury, Senior Standing counsel with Mr. Raghvendra Kishor, Junior Standing counsel
versus
ROLEX STEEL (I) LTD.
Through: None
..... Respondent
CORAM:
JUSTICE S.MURALIDHAR JUSTICE VIBHU BAKHRU O R D E R% 29.03.2016
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 is dismissed as not pressed.
S.MURALIDHAR, J
MARCH 29, 2016 mg
VIBHU BAKHRU, J
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