In Ita/80/2004 Of Comnr.of Income Tax v. M/S.bharatia Traders, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the above, this Income Tax Appeal is dismissed as withdrawn. ....
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
I.T.A. No.80 of 2004
16.03.2017
Learned Standing Counsel for the Revenue has filed a Memo on 6.3.2017 indicating therein that in view of the Circular issued by the CBDT, the tax effect is below the monetary limit. Therefore, the appeal may be permitted to withdraw.
In view of the above, this Income Tax Appeal is dismissed as withdrawn.
....
(I. Mahanty, J.)
....
(Biswajit Mohanty, J.)
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.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.