In Director Of Income Tax (It) -I v. State Bank Of Mauritius Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In view of the above submission, the appeal is dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.
INCOME TAX APPEAL NO. 549 OF 2014
Director of Income Tax (IT) -I VersusState Bank of Mauritius Ltd
..Appellant
..Respondent
...................
Mr. Tejveer Singh for the Appellant Mr. Tejveer Singh for the Appellant
Mr. Atul Jasani for the RespondentMr. Atul Jasani for the Respondent
...................
CORAM : AKIL KURESHI &
M.S. SANKLECHA, JJ.
DATE : FEBRUARY 20, 2019.
P.C.:
1.This Appeal under Section 260A of the Income Tax Act, 1961 (“the Act” for
short) has been filed challenging the order passed by the Income Tax Appellate
Tribunal.
2.The learned counsel appearing in support of the appeal, states that he hasbeen instructed to withdraw this appeal. This is for the reason that the tax effectinvolved in this appeal is less than the threshold limit of Rs. 50 Lacs as provided inCBDT Circular No. 3 of 2018 dated 11.7.2018.
3.In view of the above submission, the appeal is dismissed as not pressed.
4.Refund of court fees as per rules.
[ M.S. SANKLECHA, J. ] [ AKIL KURESHI, J ]
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