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Ita/50/2007 Of Commissioner Of Income Tax v. Gopal Dass Estates & Housing Pvt.ltd

High Court 30 Jul 2018 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

30 Jul 2018

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Ita/50/2007 Of Commissioner Of Income Tax v. Gopal Dass Estates & Housing Pvt.ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.

Decision: In the light of this development, the appeals are dismissed as having low tax effect limit.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

It is stated by the counsel for the Respondent that in view of the recent Circular of the Central Board of Direct Taxes (Circular No.3 of 2018 dated 11.07.2018) the appeals have to be dismissed as resulting in tax effect to less than the prescribed amount i.e. `50 lacs. This position is not denied by the counsel for the Revenue. In the light of this development, the appeals are dismissed as having low tax effect limit. S. RAVINDRA BHAT, J JULY 30, 2018/akv A. K. CHAWLA, J ITA 50/2007 & other connected matters

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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