In Itta/314/2011 Of Chief Commissioner Of Income Tax v. Sri Sammeta Durga Prasad, 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.314 OF 2011
DATED:27.1.2012
Between:Chief Commissioner of Income TaxRajkamal ComplexLaxmipuram Main RoadGuntur-7 … AppellantAnd
Sri Sammeta Durga Prasad … Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
THE HON’BLE SHRI JUSTICE SANJAY KUMAR
I.T.T.A. NO.314 OF 2011
JUDGMENT:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
The tax effect in this case is Rs.1.81 lakhs.
2. Since the tax effect is lower than the limit prescribed by theCircular issued by the Central Board of Direct Taxes, we decline toentertain this appeal.
3. Dismissed.
__________________
MADAN B. LOKUR, CJ
27-1-2012
bnr
_______________
SANJAY KUMAR, J
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