In Itta/18/1999 Of Commr.of Income Tax Visakhapatnam v. South Glory International P.ltd Visakhap, the High Court (2012) 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.
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDTHE HON’BLE SHRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 18 of 1999
DATED:30-01-2012
Between:The Commissioner of Income Tax,Visakhapatnam.
… Petitioner
And M/s. South Glory International (P) LTd.,Vizag.
… Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
THE HON’BLE SHRI JUSTICE SANJAY KUMAR
I.T.T.A.No. 18 OF 1999
Judgment:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
1. The tax effect in this case is about Rs.2.80 lakhs.
2. In view of the low tax effect, we decline to entertain this appeal.
3. The I.T.T.A. is dismissed.
MADAN B. LOKUR, CJ
30-01-2012
SANJAY KUMAR, J
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