In Itta/21/2015 Of The Commissione Of Income Tax-Ii v. Waltair Club, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly dismissed on this ground.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE SRI JUSTICE SANJAY KUMARandTHE HON’BLE SRI JUSTICE GUDISEVA SHYAM PRASAD
ITTA No.21 of 2015
JUDGMENT: (per SK, J)
As the learned standing counsel for the Revenue would state that the tax effect in this appeal falls below the monetary limits fixed by the CBDT in Circular No.21 of 2015 dated 10.12.2015, it does not warrant consideration on merits.
The appeal is accordingly dismissed on this ground. This order shall however not preclude the Revenue from seeking reopening of the matter if it is found hereinafter that any of the exceptions provided in the aforestated Circular would have application. No order as to costs.
___________________ SANJAY KUMAR, J
7[th] JUNE, 2017.
___________________________
GUDISEVA SHYAM PRASAD, J
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