In Itxa/2472/2011 Of The Commissioner Of Income Tax - 21 v. The Presidency Co-Op Hsg. Society Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In any case, the appeal is dismissed on account of non-prosecution.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 2472 OF 2011
Commissioner of Income Tax-21Mumbai
.. Appellant
v/s.
The Presidency Co-op. Hsg. Society Ltd.
.. Respondent
None for the appellant None for the respondent
CORAM : M.S. SANKLECHA & S.C. GUPTE, J.J.
DATED : 23[rd] AUGUST, 2016.
P.C.
1.This appeal relates to A.Y. 2001-02.
2.None appears on behalf of the appellant Revenue. It appears that the Revenue is not interested in pursuing this appeal. We note that the tax effect involved in the present appeal is Rs.11.76 lakhs as mentioned in para 11 of the memo of Appeal, which possibly explains lack of interest on the part of the Revenue bearing in mind the Circular No.21 of 2015 dated 10[th] December, 2015 issued by the Central Board of Direct Taxes.
3.In any case, the appeal is dismissed on account of non-prosecution.
(S.C. GUPTE, J.)
(M.S. SANKLECHA, J.)
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