Iapl/39/2019 Of Principal Commissioner Of Income Tax v. M/S Jhoola Refineries Ltd
High Court
13 Sep 2021 In favour of: Assessee
Forum / Bench
High Court · cisdb_16012018
Parties
Iapl/39/2019 Of Principal Commissioner Of Income Tax v. M/S Jhoola Refineries Ltd
Date of order
13 Sep 2021
Assessment year(s)
2010-11
Outcome
Dismissed
Case summary
In Iapl/39/2019 Of Principal Commissioner Of Income Tax v. M/S Jhoola Refineries Ltd, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.
Decision: The above position being admitted to the parties, the present appeal is dismissed for the reason of the disputed tax being below the prescribed monetary limit.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
Case :- INCOME TAX APPEAL No. - 39 of 2019
Appellant :- Principal Commissioner Of Income TaxRespondent :- M/S Jhoola Refineries Ltd.Counsel for Appellant :- Praveen Kumar
Hon'ble Naheed Ara Moonis,J.Hon'ble Saumitra Dayal Singh,J.
Heard Sri Praveen Kumar, learned counsel for therevenue and Sri Ashish Bansal, learned counsel for theassessee.
Present appeal has been filed by the revenue underSection 260(A) of the Income Tax Act, 1961 against theorder dated 15.11.2018 passed by Income Tax AppellateTribunal, Varanasi in ITA No.6/Alld/2017 (A.Y. 2010-11).
At the outset, learned counsel for the revenue fairly statedthat the dispute involved in the present appeal is belowthe prescribed monetary limit set by the CBDT vide itsCircular No.390/Misc./116/2017-JC dated 22-Aug-2019.
The above position being admitted to the parties, the present appeal is dismissed for the reason of the disputed tax being below the prescribed monetary limit.
Order Date :- 13.9.2021A.Kr.
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