Ita/254/2018 Of The Pr. Commissioner Of Income Tax -6 v. Mps Ltd
High Court
28 Nov 2019 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Ita/254/2018 Of The Pr. Commissioner Of Income Tax -6 v. Mps Ltd
Date of order
28 Nov 2019
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/254/2018 Of The Pr. Commissioner Of Income Tax -6 v. Mps Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the above, the appeal is dismissed in the light of the circulardated 08.08.2019 issued by the Ministry of Finance, Department ofRevenue, Central Board of Direct Taxes (Judicial Section), Government ofIndia, which fixes the monetary limit in respect of tax effect, inter alia,before the Hig...
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~6
*IN THE HIGH COURT OF DELHI AT NEW DELHI+ITA 254/2018THE PR. COMMISSIONER OF INCOME TAX -6..... AppellantThrough:Mr. Ruchir Bhatia, Senior StandingCousnel.versus
MPS LTD...... RespondentThrough:Mr. Piyush Kaushik, Advocate.
CORAM:
HON'BLE MR. JUSTICE VIPIN SANGHIHON'BLE MR. JUSTICE SANJEEV NARULAO R D E R
%28.11.2019
1. Mr. Ruchir Bhatia, learned senior standing counsel for the Appellant hastaken instructions from the Assessing Officer and he states that the tax effectin the present appeal is Rs. 67,27,801/-.
2. In view of the above, the appeal is dismissed in the light of the circulardated 08.08.2019 issued by the Ministry of Finance, Department ofRevenue, Central Board of Direct Taxes (Judicial Section), Government ofIndia, which fixes the monetary limit in respect of tax effect, inter alia,before the High Court in which the Department could pursue the matter asRs. 1,00,00,000/- and in view of the fact that the tax effect in the presentcase is Rs. 67,27,801/-.
VIPIN SANGHI, J
NOVEMBER 28, 2019/nk
SANJEEV NARULA, J
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