In Itxa/201/2007 Of The Commissioner Of Income-Tax-1,Kolhapurd v. Asgaon Taluka Sahakari Sakhar Karkhana, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Works (2005) 276 ITR 519, both the appeals are dismissed with no order as to costs.
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 JURISDICTION
INCOME TAX APPEAL NO.561 OF 2003
The Commissioner of Income Tax
..Appellant.
V/s.
Rajarambapu Patil Sakhar Karkhana Ltd...Respondent.
ANDINCOME TAX APPEAL NO.201 OF 2007
The Commissioner of Income Tax
..Appellant.
V/s.
Tasgaon Taluka Sakhar Karkhana Ltd...Respondent.
Mr. Vimal Gupta for appellant.
None for respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ.
DATED : 4TH AUGUST, 2009.
P.C. :-
Since the tax effect in the above appeals is less than Rs.4 lakhs and in view of the 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 I.T.R.565and CIT V/s. Pithwa Engg. Works (2005) 276 ITR 519, both the appeals are dismissed with no order as to costs.
(J.P.DEVADHAR, J.)
(V.C.DAGA, J.)
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