Ita/753/2010 Of Commissioner Of Income Tax v. Krbl Ltd
High Court
07 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Ita/753/2010 Of Commissioner Of Income Tax v. Krbl Ltd
Date of order
07 Jan 2025
Assessment year(s)
2002-03
Outcome
Dismissed
Case summary
In Ita/753/2010 Of Commissioner Of Income Tax v. Krbl Ltd, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the present appeal is dismissed on account of low tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
CORAM:
HON'BLE THE ACTING CHIEF JUSTICEHON'BLE MR. JUSTICE TUSHAR RAO GEDELAO R D E R
07.01.2025
%
1. The Revenue has filed the present appeal impugning the order dated 25.06.2009 passed by the learned Income Tax Appellate Tribunal in ITA No.1589/Del/2009 for the assessment year 2002-03.
2. At the outset, the learned counsel appearing for the Revenue states that the tax effect involved in the present appeal is below the threshold limit of ₹2,00,00,000/- as stipulated in the Circular dated 17.09.2024 and is not covered by any exceptions as set out in the circular.
3. Accordingly, the present appeal is dismissed on account of low tax effect.
VIBHU BAKHRU, ACJ
JANUARY 07, 2025/ tr
TUSHAR RAO GEDELA, J
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