In Commissioner Of Income Tax-Iii v. Omkar Textiles 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.] Prakash [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. 1371 of 2008
=============================================================COMMISSIONER OF INCOME TAX-IIIVersusOMKAR TEXTILES MILLS PVT LTD.
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Appearance:MRS MAUNA M BHATT(174) for the PETITIONER(s) No. 1MRS SWATI SOPARKAR(870) for the RESPONDENT(s) No. 1
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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.]
Prakash
[B.N Karia, J.]
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