Iapl/44/2018 Of Principal Commissioner Of Income Tax (Central) v. M/S M.p. Biscuits Pvt. Ltd
High Court
22 Oct 2021 In favour of: Assessee
Forum / Bench
High Court · cisdb_16012018
Parties
Iapl/44/2018 Of Principal Commissioner Of Income Tax (Central) v. M/S M.p. Biscuits Pvt. Ltd
Date of order
22 Oct 2021
Assessment year(s)
2006-07
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Iapl/44/2018 Of Principal Commissioner Of Income Tax (Central) v. M/S M.p. Biscuits Pvt. Ltd, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Case :- INCOME TAX APPEAL No. - 44 of 2018
Appellant :- Principal Commissioner Of Income Tax (Central)Respondent :- M/S M.P. Biscuits Pvt. Ltd.Counsel for Appellant :- Praveen KumarCounsel for Respondent :- Ashish B,Ashish Bansal
Hon'ble Naheed Ara Moonis,J.Hon'ble Saumitra Dayal Singh,J.
1. Heard Sri Praveen Kumar, learned counsel for the revenueand Sri Ashish Bansal, learned counsel for the assessee.
2. Present appeal has been filed by the revenue under Section260-A of the Income Tax Act, 1961 arising from the order of theIncome Tax Appellate Tribunal, Lucknow Bench 'B', Lucknowdated 26.07.2017 passed in Income Tax AppealNo.607/LKW/2016 for A.Y. 2006-07.
3. At the outset, it has been stated at the Bar that the revenueinvolved in the present appeal is below the monetary limit ofRs.1 crore set by the CBDT vide its Circular No.17/2019[F.No.279/Misc.142/2007-ITJ(Pt)], dated 8 August 2019.
4. The above position being admitted to the parties, the presentappeal is dismissed for reason of the disputed tax being belowthreshold limit.
Order Date :- 22.10.2021Prakhar
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