In Itta/310/2017 Of The Commissioner Of Income Tax-Iv v. M/S Mars Therapeutics And Chemicals Ltd, 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 M.S.K. JAISWAL
ITTA No.310 of 2017
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.
5[th] JUNE, 2017.
___________________
SANJAY KUMAR, J
_________________
M.S.K. JAISWAL, J
kvni
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.
EaseValue