In Itxa/121/2015 Of The Commissioner Of Income Tax-18 v. M/S Vijayraj Properties, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: 4The Appeal is disposed of as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDITION
INCOME TAX APPEAL NO.121 OF 2015
The Commissioner of Income Tax-18...AppellantV/s.M/s.Vijayraj Properties ...Respondent
.....
Mr.Suresh Kumar with Ms.Samiksha Kanani, Advocate for theAppellant.
None for the Respondent.
....
CORAM :S.V.GANGAPURWALA &A.M.BADAR JJ.
DATED :12[th] July 2017.
P.C.
1The present appeal pertains to Assessment year 2006-07. The order of the Tribunal is a consolidated order for theAssessment years 2006-07 and 2007-08. It is submitted that theAppeal with regard to other Assessment years is already dismissedand no attempt is made to restore it.
2In the present Appeal, the tax effect is less than Rs.20
Lakhs.
3In light of the above and in view of the CBDT CircularNo.21/2015 dated 10/12/2015, the Department has taken policydecision not to prosecute the appeals where the tax effect is lessthan Rs.20 Lakhs. The learned counsel for the Appellant seeksleave to withdraw the Appeal.
4The Appeal is disposed of as withdrawn. No costs.
5Court fees as per rules be funded.
( A.M.BADAR J.)
( S.V.GANGAPURWALA 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.