In Itxa/1575/2009 Of The Commissioner Of Income Tax-16, Mumbai v. M/S. Ratilal Becharala And Sons, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Both the appeals are dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
AGK IN THE HIGH COURT OF JUDICATURE AT BOMBAY
AGK
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.2225 OF 2007
AND
INCOME TAX APPEAL (L) NO.2227 OF 2007
The Commissioner of Income-
tax - 16, Mumbai ..Appellant.
V/s.
M/s.Ratilal Becharalal & Sons ..Respondent.
Mrs.Anuradha Mane with Mr.P.S. Sahadevan for the
appellant.
None for the respondent.
CORAM : V.C. DAGA &
J.P. DEVADHAR, JJ.
DATED : 7TH MAY, 2009.
P.C. :
1. Heard both the appeals together.
2. Since combine tax effect in both these
appeals is less than Rs.4 lakhs and in view of
Office Memorandum dated 5-6-2007 issued by the
C.B.D.T. and judgments of this Court in CIT V/s.
Camco Colour Co (2002) 254 ITR 565 and CIT Pithwa
Engg. Works (2005) 276 ITR 519, learned counsel
for the revenue seeks liberty to withdraw the
appeals. Both the appeals are dismissed as
withdrawn. No order as to costs.
(V.C. Daga, J.)
(J.P. Devadhar, J.)
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