In Director Of Income Tax v. M/S. Nichimen Corporation, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly 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 DELHI AT NEW DELHI
R-190
+
ITA 434/2004
DIRECTOR OF INCOME TAX
..... Appellant
Through: Mr. Rahul Chaudhary, Advocate.
versus
M/S. NICHIMEN CORPORATION ..... Respondent Through: None.
CORAM:JUSTICE S. MURALIDHAR JUSTICE VIBHU BAKHRU
%
O R D E R09.05.2016
1. Counsel for the Revenue states that the tax effect in this appeal is less than Rs.20 lakhs. In view of Circular No. 21/2015 dated 10[th] December 2015 issued by the Central Board of Direct Taxes, this appeal has to be treated as not pressed by the Revenue.
2. The appeal is accordingly dismissed as not pressed.
S. MURALIDHAR, J
MAY 09, 2016 Rm
VIBHU BAKHRU, J
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