Ita/44/2005 Of Commnr.of Income Tax v. M/S.orind Exports Lt
High Court
10 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · cisnc
Parties
Ita/44/2005 Of Commnr.of Income Tax v. M/S.orind Exports Lt
Date of order
10 Dec 2015
Assessment year(s)
1998-99, 1997-98
Outcome
Dismissed
Case summary
In Ita/44/2005 Of Commnr.of Income Tax v. M/S.orind Exports Lt, the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of such submission, we find that no issue arises for consideration in the present appeal and accordingly, the ITA stands dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
I.T.A. No.44 of 2005
06. 10.12.2015 Heard Mr.Acharya, learned Sr.Standing counsel for the Income Tax Department.
In the present appeal, challenge has been made to the order dated 9.3.2005 passed in ITA No.313/CTK/2003 for the assessment year 1998-99.
On perusal of the said order, it appears that the Tribunal placing reliance on its own decision passed for the earlier assessment year 1997-98 came to hold that on the basis of similar consideration the amount of deduction on account of expenditure incurred for earning of the foreign income would be 30% as against 84% considered by the Assessing Officer and confirmed by the CIT(A).
Mr.Acharya fairly submits that the Department has not challenged the order passed for the assessment year 1997-98.
In view of such submission, we find that no issue arises for consideration in the present appeal and accordingly, the ITA stands dismissed.
Free copy of this order be handed over to Mr.Acharya, learned Sr.Standing Counsel for revenue.
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I. Mahanty,J.
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Dr.D.P.Choudhury, J.
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