In Itxa/3602/2010 Of The Commissioner Of Income Tax -Iv, Pune v. Vikas Sahakari Bank Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: Works (2005) 276 ITR 519, the appeal is 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.3602 OF 2010
The Commissioner of Income Tax-IV
..Appellant.
V/s.
Vikas Sahakari Bank Ltd...Respondent.
Mr. Vimal Gupta for the appellant.
Mr. P. Sarda i/b. Sachin C. Raje for the respondent.
CORAM : J.P. DEVADHAR AND SMT. R.P.SONDURBALDOTA JJ.
DATED : 14TH JUNE, 2011
P.C. :-
Since the tax effect in this appeal 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. 565 and CIT V/s. Pithwa Engg. Works (2005) 276 ITR 519, the appeal is dismissed with no order as to costs.
(SMT. R.P.SONDURBALDOTA, J.) (J.P. DEVADHAR, 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.
EaseValue