In Commissioner Of Income Tax v. M/S Aditya Birla Nuvo Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3In view of the above submission, the appeals are Pg 1 of 2 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 JUDICATURE AT BOMBAY O.O.C.J.
INCOME TAX APPEAL NO. 1591 OF 2016
WITH INCOME TAX APPEAL NO. 1603 OF 2016WITH INCOME TAX APPEAL NO. 487 OF 2017
Commissioner of Income Tax
...Appellant
vsM/s Aditya Birla Nuvo Ltd. ...Respondent.
.....
Mr Tejveer Singh for the Appellant in all appealsMr Nitesh Joshi I/b Atul Jasani for the Respondent in all appeals.
.....
CORAM : AKIL KURESHI &
B.P.COLABAWALLA, JJ.
FEBRUARY 13, 2019.
P.C. :
1.These appeals under Section 260A of the Income Tax Act,1961 (“the Act” for short) have been filed challenging the orderpassed by the Income Tax Appellate Tribunal.
2Learned counsel appearing in support of the appeal statesthat he has been instructed to withdraw these appeals. This is for thereason that the tax effect involved in these appeals are less than thethreshold limit of Rs.50 Lacs as provided in CBDT Circular No. 3 of2018 dated 11.7.2018.
3In view of the above submission, the appeals are
Pg 1 of 2
dismissed as not pressed.
4Refund of court fees as per rules.
(B.P.COLABAWALLA, J.) (AKIL KURESHI, J.)
Pg 2 of 2
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