Itxa/100/2007 Of Thecommissoiner Of Income-Tax-9,Mum v. M/S Shayona Petrochem Ltd
High Court
12 Jan 2016 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/100/2007 Of Thecommissoiner Of Income-Tax-9,Mum v. M/S Shayona Petrochem Ltd
Date of order
12 Jan 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/100/2007 Of Thecommissoiner Of Income-Tax-9,Mum v. M/S Shayona Petrochem Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Accordingly, the appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 100 OF 2007
The Commissioner of Income Tax-9 v/s.
M/s. Shayona Petrochem Ltd.
.. Appellant
.. Respondent
Mr. A.R. Malhotra a/w N.A. Kazi for the appellant None for the respondent
P.C.
CORAM : M.S. SANKLECHA & B.P. COLABAWALLA, J.J.
DATED : 12[th] JANUARY, 2016.
1.
This appeal relates to Assessment Year 1997-98.
Mr. Malhotra, learned Counsel for the Revenue states that the tax effect involved in the present appeal as indicated in para 10 of the Appeal Memo is Rs.19.39 lakhs. He further states that in view of the Central
Board of Direct Tax Circular No.21/15 dated 10[th] December 2015, the tax effect being less than the threshold limits provided therein for challenging an order of the Tribunal before this Court, he does not press the present appeal.
2.Accordingly, the appeal is dismissed as withdrawn. Refund of Court fees as per Rules.
(B.P. COLABAWALLA, J.)
(M.S. SANKLECHA, 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.
EaseValue