Itxa/1286/2000 Of The Commissioner Of Income Tax v. Raman K. Patel Family Trust
High Court
03 Apr 2007 In favour of: Assessee
Forum / Bench
High Court · newos
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Itxa/1286/2000 Of The Commissioner Of Income Tax v. Raman K. Patel Family Trust
Date of order
03 Apr 2007
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/1286/2000 Of The Commissioner Of Income Tax v. Raman K. Patel Family Trust, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, the Appeal stands dismissed.
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 JURISDICTIONINCOME TAX APPEAL NO.1286 OF 2000
The Commissioner of Income TaxVs.Raman K.Patel Family Trust
..Appellant
..Respondent
None for the Appellant.
Mr.Ajay Singh i/b. Mr.K.Gopal for the Respondent.
CORAM :- DR.S.RADHAKRISHNAN &V.C.DAGA, JJ.DATE : 3RD APRIL, 2007P.C.1.None appears for the Appellant. The learnedCounsel for the Respondent points out that the taxliability is less than Rs.2,00,000/- in the abovematter. In view of the Circular issued by theGovernment of India, Ministry of Finance, Departmentof Revenue, CBDT, dated 24th October,2005, themonetary limit is fixed at Rs.4,00,000/- with regardto the Appeal under Section 260 A of the Income TaxAct. As the Tax effect is less than Rs.4,00,000/-, weare not inclined to entertain the above Appeal.
Hence, the Appeal stands dismissed.
(V.C.DAGA,J.)
(DR.S.RADHAKRISHNAN,J.)
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