Income Tax Reference v. M/S. Jai Films
High Court
15 Oct 2010 In favour of: Assessee
Forum / Bench
High Court · testcase
Parties
Income Tax Reference v. M/S. Jai Films
Date of order
15 Oct 2010
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Income Tax Reference v. M/S. Jai Films, the High Court (2010) 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.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYNAGPUR BENCH : NAGPUR
INCOME TAX REFERENCE NO.333 OF 1995 (Commissioner of Income Tax vs. M/s. Jai Films)
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Office Notes, Office Memoranda ofCoram, appearances, Court's orders Court's or Judge's ordersor directions and Registrar's orders.
Shri A.S. Jaiswal, Advocate for applicant. Shri K.P. Dewani, Advocate for respondent.
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CORAM : J.P. DEVADHAR AND A.B. CHAUDHARI, JJ. DATED : OCTOBER 15, 2010
Shri Jaiswal, learned Counsel for the revenue, fairly states that the tax effect involved in this reference is less than the monetary limit prescribed by the Central Board of Direct Taxes and hence, he does not press the reference in the light of the judgment of this Court in the case of Commissioner of Income Tax v. Pithwa Engg.Works (2005 (276) ITR 519). In this view of the matter, the reference is returned unanswered.
JUDGE
JUDGE
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