In Commissioner Of Income Tax-Iii v. Omkar Textile Mills Pvt Ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: This appeal is, therefore, dismissed on the ground of low tax effect. [Akil Kureshi, J.] [B.N Karia, J.]
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/TAX APPEAL No. 1370 of 2008
=============================================================COMMISSIONER OF INCOME TAX-III
VersusOMKAR TEXTILE MILLS PVT LTD.
=============================================================
Appearance:
Mrs MAUNA M BHATT(174) for the PETITIONER(s) No. 1RULE SERVED(64) for the RESPONDENT(s) No. 1=============================================================
CORAM:HONOURABLE Mr. JUSTICE AKIL KURESHIandHONOURABLE Mr. JUSTICE B.N. KARIA14[th] August 2018.andHONOURABLE Mr. JUSTICE B.N. KARIA14[th] August 2018.
ORAL ORDER(PER : HONOURABLE MR.JUSTICE AKIL KURESHI)
It is an admitted position that the tax effect involved in this Appeal is below the minimum threshold limit provided by
the CBDT in its Circular dated 11[th] July 2018 which limit is also to be applied in the pending cases.
This appeal is, therefore, dismissed on the ground of low tax effect.
[Akil Kureshi, J.]
[B.N Karia, J.]
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue