Commissioner Of Income Tax (International Taxation And Transfer Pricing v. Martrade Gulf Logistic Fzco Uae
High Court
17 Jul 2018 In favour of: Assessee
Forum / Bench
High Court · gujarathc
Parties
Commissioner Of Income Tax (International Taxation And Transfer Pricing v. Martrade Gulf Logistic Fzco Uae
Date of order
17 Jul 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Commissioner Of Income Tax (International Taxation And Transfer Pricing v. Martrade Gulf Logistic Fzco Uae, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Under the circumstances, on the aforesaid ground alone, present Tax Appeal is dismissed as not pressed.
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 GUJARAT AT AHMEDABAD
R/TAX APPEAL NO. 868 of 2018
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COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION AND TRANSFER PRICING)Versus
MARTRADE GULF LOGISTIC FZCO UAE
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Appearance:
MR.VARUN K.PATEL(3802) for the APPELLANT(s) No. 1for the RESPONDENT(s) No. 1
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CORAM: HONOURABLE MR.JUSTICE M.R. SHAHandHONOURABLE MR.JUSTICE A.Y. KOGJE
Date : 17/07/2018
ORAL ORDER (PER : HONOURABLE MR.JUSTICE M.R. SHAH)
As the tax effect involved in the present Tax Appeal is less than Rs.50 lacs, considering the recent Circular issued by the CBDT dated 11/07/2018, being Circular No.3/2018, Shri Varun Patel, learned advocate appearing on behalf of the revenue does not press the present Tax Appeal. Under the circumstances, on the aforesaid ground alone, present Tax Appeal is dismissed as not pressed.
(M.R. SHAH, J.)
(A.Y. KOGJE, J.)
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