In Ita/37/2010 Of Commissioner Of Income Tax v. M/S M.p. Khaitan, the High Court (2011) 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.
ITA 37/2010
BEFORE
HON’BLE THE CHIEF JUSTICE MR. MADAN B. LOKURHON’BLE MR. JUSTICE A.K.GOSWAMI
Learned counsel for the Revenue frankly says that the tax effect in this case isless than ‘4 lakhs.
In the circumstances, in view of Instruction No.5 dated 15.5.2008 issued by the CBDT, we decline to entertain this appeal.Learned counsel for the Revenue informs us that the limit has now been enhanced to ‘10 lakhs with effect from February, 2011.Dismissed.
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