In Ita/114/2016 Of Pricipal Commissioner Of Income Tax I v. M/S Lakhani Foot Care Ltd, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: No substantial question of law is arising in this appeal, therefore, the same is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
sumathi
ITA No.114/2016
16/08/2017
Ms. Veena Mandlik, learned counsel for the appellant.
This appeal under Section 260A of the Income Tax Act, 1961 is preferred against order dated 08/01/2016 passed by the Income Tax Appellate Tribunal, in ITA No.387/Ind/2012 for the assessment year 2004-05.
The tax effect limit is below Rs.10.00 lakhs and, therefore, as per CBDT circular No.21/2015 dated 10/12/2015, the learned ITAT has rightly dismissed the appeal. No substantial question of law is arising in this appeal, therefore, the same is dismissed.
(P.K. Jaiswal)Judge
(Ved Prakash Sharma) Judge
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